JPMorgan Chase: Preferred Yields Are Stabilizing At Around 5.6%


  • JPMorgan Chase saw its net income increase throughout 2022.
  • The strong increase in net interest income in Q4 2022 mitigated the impact of higher loan loss provisions.
  • The company only needs about 5% of its net income to cover the preferred dividends.
  • The preferreds are attractive from a dividend and asset coverage level perspective, but I’m a little bit hesitant – mainly due to my personal tax situation as a foreign investor.

JP Morgan in Hong Kong



JPMorgan Chase (NYSE:JPM) doesn’t need a long introduction. As one of the most prominent financial institutions in the USA with a global reach, the company is one of the largest in the financial sector with a market cap of

Data by YCharts

Quarterly Income Statement

JPMorgan Investor Relations

Full Year Income Statement

JPMorgan Investor Relations

Preferred Dividends

JPMorgan Investor Relations

Balance Sheet

JPMorgan Investor Relations

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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