Retirees NEED yield…
In an environment where any cash in a savings account is constantly losing value thanks to soaring inflation, traditional savings account won't cut it…
And bonds might be even worse: all the risk of without the upside.
So retirees are in desperate search, now more than ever, of finding stocks that pay a good dividend.
And if interest rates go up (which would be bad news for anyone holding bonds)…
This stock could get a boost.
JPMorgan Chase & CO (JPM) is a multinational investment bank and financial services company located in New York City.
And it’s one of the best ways to capitalize on rising interest rates…
This is because banks, insurance companies, and brokerages have historically benefited from higher interest rates, as growing rates often coincide with an improving economy.
As the economy improves, it means prospective borrowers are more likely to not only receive loans, but also pay back the interest associated with them – reducing the overall risks for banks in the process.
This has clearly paid off for the company in recent months as well. In its latest financial report, JPMorgan said its third-quarter earnings per share were $3.74 compared to the anticipated $3.00. The investment bank’s revenue was $30.44 billion versus the estimated $29.79 billion.
As a result, the company released another $2.1 billion in loan-loss provisions – bolstering investors’ overall earnings payout in the process.
And now that interest rates are on the rise, these improvements could help build even greater momentum for the company – as it could ultimately lead to stronger profits in the months ahead.
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Voted Social Security Advisor of the Year by the Social Security Association…
It’s no surprise Beau was awarded this “medal of honor” of the finance world…
Because he’s helped thousands of folks avoid “burning” the money that’s rightfully theirs.
And to help even more people…
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Simply by helping you avoid the Social Security errors that 94% of Americans make every day.
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This video is ending, so take the 30-second quiz and claim the extra money that’s rightfully yours.
