The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: JakeStraw who wrote (66472)	10/19/1999 3:01:00 PM
From: Bryan	Read Replies (2) of 90042

Financial stocks are not popular day-trading issues. They are more conducive to a long-term strategy. Take a look at JPM, among others. J.P. Morgan & Co. (JPM) was the top gainer among Dow components, climbing 6.9%, or 7 5/16, to 113 as its net income of $2.22 a share beat the Street consensus estimate by 7 cents. The company also announced a $3 billion stock repurchase plan. The bank also raised its quarterly dividend a penny to $1.00 a share, giving the stock an annual dividend yield of 3.81%. IMO, The DRIP looks really promising for JPM, given the recent price. I just ordered a forms packet to join. Forget day-trading these guys. bk

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