JPMorgan Initiates Coverage on Credit Card Providers (AXP, COF, DFS)

Filed in dividend, Gold Investment, lead, o, shares, target by on December 1, 2010 0 Comments

Analysts at JPMorgan on Wednesday initiated coverage on several leading credit card providers. The firm published the following ratings and price targets for the stocks below: American Express ( AXP ) – “Overweight” rating and $50 price target (16% upside). Capital One Financial ( COF ) – “Neutral” rating and $41 price target (10% upside). Discover Financial ( DFS ) – “Neutral” rating and $18 price target (flat upside). The Bottom Line Shares of American Express ( AXP ) have a 1.67% dividend yield, based on last night’s closing stock price of $43.22. Shares of Capital One Financial ( COF ) have a .54% dividend yield, based on last night’s closing stock price of $37.23. Shares of Discover Financial Services ( DFS ) have a .44% dividend yield, based on last night’s closing stock price of $18.28. None of the dividend stocks mentioned in this article currently have a high enough Dividend.com DARS™ Rating to qualify for our “Recommended” list. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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JPMorgan Initiates Coverage on Credit Card Providers (AXP, COF, DFS)

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