Weekly Top Insider Buys: JPM, BAC

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Feb 04, 2013
According to GuruFocus Insider Data, these are the largest insider buys during the past week: JPMorgan Chase & Co. (JPM, Financial) and Bank of America Corporation (BAC, Financial).

The overall trend of insiders is illustrated in the chart below:



JPMorgan Chase & Co (JPM): Director Timothy Patrick Flynn Bought 6,750 Shares

Director of JPMorgan Chase & Co, Timothy Patrick Flynn, bought 6,750 shares on 1/29/2013 at an average price of $47.85. JPMorgan Chase & Co is a global financial services firm and banking institutions in the United States of America with operations worldwide. JPMorgan Chase & Co has a market cap of $181.9 billion; its shares were traded at around $47.85 with a P/E ratio of 10.1626 and P/S ratio of 1.9272. The dividend yield of JPMorgan Chase & Co stocks is 2.51%. JPMorgan Chase & Co had an annual average earnings growth of 5.9% over the past 10 years. GuruFocus rated JPMorgan Chase & Co the business predictability rank of 2-star.

On Jan.16, JPMorgan Chase & Co. reported net income for the fourth-quarter of 2012 of $5.7 billion, compared with net income of $3.7 billion in the fourth quarter of 2011. Earnings per share were $1.39, compared with $0.90 in the fourth quarter of 2011. Revenue for the quarter was $24.4 billion, up 10% compared with the prior year. Net income for full-year 2012 was a record $21.3 billion, compared with $19.0 billion for the prior year. Earnings per share were a record $5.20 for 2012, compared with $4.48 for 2011. Revenuefor 2012 was $99.9 billion, flat compared with 2011.

Last week, Director Timothy Patrick Flynn bought 6,750 shares of JPM stock. Corporate Controller Mark O'donovan and Managing Director Mary E. Erdoes sold shares last week; Executive Vice President Gordon Smith and Co-COO Matthew E. Zames sold shares last month.

Bank of America Corporation (BAC): Director R. David Yost Bought 20,000 Shares

Director of Bank of America Corporation, R. David Yost, bought 20,000 shares on 1/24/2013 at an average price of $14. Bank of America Corporation, through its banking and various non-banking subsidiaries throughout the United States and in selected international markets provides a diversified range of banking and non-banking financial services and products through six business segments: Deposits, Card Services, Consumer Real Estate Services, Global Commercial Banking, Global Banking & Markets, Global Wealth & Investment Management. Bank of America Corporation has a market cap of $126.21 billion; its shares were traded at around $11.71 with a P/E ratio of 31.8471 and P/S ratio of 1.4124. The dividend yield of Bank of America Corporation stocks is 0.34%.

Last week, Director R. David Yost bought 20,000 shares of BAC stock.

For the complete list of stocks that were bought by their company executives, go to: Insider Buys.