5 Blue Chip Dividend Stocks to Buy After the Market Selloff

In this article, we discuss 5 blue chip dividend stocks to buy after the market selloff. If you want to read our detailed analysis of the selloff on Tuesday, the risk/reward and methodology of this list, go directly to read 10 Blue Chip Dividend Stocks to Buy After the Market Selloff. 

5. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 104
Dividend Yield as of September 13: 3.32%

JPMorgan Chase & Co. (NYSE:JPM) is an American multinational investment bank and financial services company. The company provides commercial banking and asset management services to its consumers. In September, Deutsche Bank reiterated its Buy rating on the stock with a $155 price target, highlighting its importance for a long-term investment.

In Q2 2022, JPMorgan Chase & Co. (NYSE:JPM) reported revenue of $30.7 billion and managed revenue of $31.6 billion. The company’s average loans reported a 7% growth while its average deposits are up by 9% from the previous quarter. In addition to this, the company’s deposits also presented a 13% growth from the preceding quarter. Its cash position also remained strong as it reported over $66 billion in operating cash flow.

JPMorgan Chase & Co. (NYSE:JPM) currently pays a quarterly dividend of $1.00 per share, with a dividend yield of 3.32%, as of September 13. The company has been raising its dividends consistently for the past 11 years.

At the end of Q2 2022, 104 hedge funds tracked by Insider Monkey owned stakes in JPMorgan Chase & Co. (NYSE:JPM), compared with 110 funds in the previous quarter. The collective value of these stakes is over $5.8 billion.