Relatively High Level of Cash Detected in Shares of JPMorgan Chase in the Diversified Banks Industry (JPM, BAC, WFC, BAP, C)
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 $616,000. Following is Bank of America with a CE of $384,000. Wells Fargo ranks third highest with a CE of $272,000.
Credicorp follows with a CE of $31,000, and Citigroup rounds out the top five with a CE of $22,000.
SmarTrend recommended that subscribers consider buying shares of Citigroup on July 14th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $44.45. Since that recommendation, shares of Citigroup have risen 6.1%. We continue to monitor Citigroup for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash JPMorgan Chase Bank of america wells fargo credicorp Citigroup