SCCM Enhanced Equity Portfolio Sold JPMorgan Chase (JPM) Despite Being the Highest-Quality Money Center Bank

2 days ago 10

Soumya Eswaran

Mon, March 2, 2026 astatine 8:58 AM CST 3 min read

Cullen Capital Management, LLC, operating nether the name Schafer Cullen Capital Management, Inc. (SCCM), has released its “SCCM Enhanced Equity Income Fund” fourth-quarter capitalist letter. A transcript of the missive tin beryllium downloaded here. In the 4th quarter, the US equity marketplace continued to rally, mostly fueled by enthusiasm for artificial intelligence. The Enhanced Equity Income Strategy returned 2.0% (net) for the 4th fourth and 7.5% (net) for the year, compared to 6.5% and 8.9% from its superior benchmark, the S&P 500 Buy/Write Index, and 1.4% and 8.7% for its secondary benchmark, the SPDR Barclays High Yield Bond ETF (JNK), respectively. The Strategy's full instrumentality was importantly affected by investors' disregard for high-dividend and low-volatility factors, arsenic good arsenic an equity marketplace that failed to grow crossed sectors. The Strategy anticipates a affirmative economical outlook for 2026, driven by the Federal Reserve's interest-rate cuts, taxation reductions, capital-expenditure bonus depreciation (OBBBA), and imaginable little tariffs, each contributing to growth. In addition, delight cheque the Strategy’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, SCCM Enhanced Equity Income Fund highlighted stocks similar JPMorgan Chase & Co. (NYSE:JPM). JPMorgan Chase & Co. (NYSE:JPM) is simply a starring fiscal services institution that operates successful the Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management segments. On February 27, 2026, JPMorgan Chase & Co. (NYSE:JPM) banal closed astatine $300.30 per share. One-month instrumentality of JPMorgan Chase & Co. (NYSE:JPM) was -2.54%, and its shares gained 15.23% implicit the past 52 weeks. JPMorgan Chase & Co. (NYSE:JPM) has a marketplace capitalization of $809.92 billion.

SCCM Enhanced Equity Income Fund stated the pursuing regarding JPMorgan Chase & Co. (NYSE:JPM) successful its 4th fourth 2025 capitalist letter:

"JPMorgan Chase & Co. (NYSE:JPM) was sold successful the quarter. JPMorgan has been a semipermanent holding wrong the strategy, providing a beardown dividend output and ample opportunities for telephone penning implicit the years. However, aft sizeable appreciation peculiarly implicit the past 3 years, the output is present beneath 2% contempt beardown 13.2% annualized dividend maturation implicit 3 years. Furthermore, the stock terms astatine 15.5x 2026 EPS estimates and 2.4x publication value, portion not expensive, has go much afloat valued. We proceed to presumption JPMorgan arsenic being among the highest-quality wealth halfway banks."

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