and a Book value of $17.72 per share so it is a great value here. It has a Beta volatility rating of 0.97 so it will not rock the boat of your moving portfolio value. It also has a steady 5 year sales growth rate of 8.81% , which is not to bad for a bank.
I would be remiss if I did not mention here, for a conversation on stability and low beta , the bank founded by John Pierpont Morgan the lender of last resort to railroads, banks, and governments. A one man "federal reserve" , they said to look into his eyes was like looking into the headlights of an oncoming freight train.
JPMorgan Chase & Co. (Symbol JPM, $46.35) has a low PE of 9.7 . Book value on this stock is $44.28 per share and it has a low beta volatility 1.15 so you can sleep at night here with this one. Earnings for 2011 are projected at $4.78 per share and for 2012 , $5.61 per share. They have on their balance sheet 2.18 Trillion dollars in assets, (and big liabilities to go with them), and 930 Billion in deposits. (Maybe they should keep our Social Security payments from our paychecks here so it doesn't get spent!).
Remember what Will Rogers said , " The quickest way to double your money is to fold it and put it back in your pocket."
So reign in the volatility a little bit on your high beta portfolio and plug in one of these names in your list of diversified stocks.