In this lesson, we’ll go through the most important part of a dividend discount model – the circular calculation required to estimate dividends issued based on a minimum Tier 1 Common ratio.
You’ll also learn several methods you can use to calculate the terminal value and how to tie everything together to calculate the net present value of equity for JP Morgan.
- Dividends Issued - After
- Dividends Issued - Before
- JP Morgan - Morgan Stanley Equity Research - 07.20.2010
- Lesson Transcript Quick Reference Guides
- Bank Valuation - Quick Reference Guide