After looking at what Wall Street expects out of each stock on the Dow Jones Industrial Average , analyst Austin Smith believes Wall Street's being far too conservative about JPMorgan Chase. While the average analyst estimate for JPMorgan is for outperformance, it's a more modestly rated than other Dow stocks. If you look at the historic norm for JPMorgan's price-to-tangible-book-value, the company continues to be remarkably cheap.
Perhaps the best part about JPMorgan is that while you're waiting for the company to return to its historic average, you can still collect a hefty dividend. The Dow is known for its exceptional income stocks, and I invite you to read about a few more in our premium report: "The 3 Dow Stocks Dividend Investors Need." It's absolutely free, so just click here and uncover these winners today.
The article 1 Underrated Dow Stock originally appeared on Fool.com.
Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of JPMorgan Chase. Motley Fool newsletter services recommend Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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