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Relatively High Level of Cash Detected in Shares of Jpmorgan Chase in the Diversified Banks Industry (JPM, C, BAC, WFC, USB)

By Nick Russo

Below are the three companies in the Diversified Banks industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.

Jpmorgan Chase ranks highest with a CE of $716,000. Citigroup Inc is next with a CE of $397,000. Bank Of America ranks third highest with a CE of $356,000.

Wells Fargo & Co follows with a CE of $287,000, and Us Bancorp rounds out the top five with a CE of $16,000.

SmarTrend recommended that subscribers consider buying shares of Citigroup Inc on February 14th, 2017 as our technology indicated a new Uptrend was in progress when shares hit $59.43. Since that recommendation, shares of Citigroup Inc have risen 6.7%. We continue to monitor Citigroup Inc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest level of cash JPMorgan Chase citigroup inc Bank of america wells fargo & co us bancorp

Ticker(s): JPM C BAC WFC USB