JPM-PD

JPMorgan Chase Series D preferred is one of the highest-quality preferred stocks available in public markets. Backed by the largest bank in the United States — with over $3.7 trillion in assets and a track record of navigating every financial crisis of the past two decades — JPM-PD offers institutional-grade credit quality with a yield that significantly exceeds Treasury bonds.

JPMorgan under Jamie Dimon has been the gold standard of American banking. The bank did not need a bailout during 2008 (it was the one doing the bailing out, acquiring Bear Stearns and Washington Mutual), and it has consistently generated industry-leading returns on equity. For preferred shareholders, this translates into near-certainty of dividend payments.

The trade-off is that JPM preferreds trade very close to par, leaving limited capital appreciation potential. These are income instruments, not growth plays. But for investors who want reliable quarterly income from the strongest credit in American banking, JPM-PD is as safe as preferred stocks get.