10 Best Momentum Stocks to Buy According to Hedge Funds

3. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 105 

JPMorgan Chase & Co. (NYSE:JPM) is one of the largest and most influential financial institutions in the world. The company offers a wide range of services, including investment banking, asset management, private banking, and commercial banking. As a leader in the global financial services industry, the company operates in more than 100 countries and serves millions of clients, from individuals to corporations and governments.

JPMorgan Chase & Co. (NYSE:JPM) has been involved in several significant developments recently. CEO Jamie Dimon has continued to advocate for a five-day in-office work policy, emphasizing the importance of efficiency and decision-making, despite employee pushback. Meanwhile, the bank is expanding its consumer banking services to Germany, aiming to introduce its digital-first approach in a major European market by 2025-2026. The company is also expanding its reach domestically, planning to open 100 branches in low-income areas across the U.S.

Financially, JPMorgan Chase & Co. (NYSE:JPM) reported strong fourth-quarter results for 2024, with net income of $14.0 billion contributing to a record full-year net income of $58.5 billion. The firm showed impressive revenue growth of $42.8 billion, supported by strong performance across its business segments, including a 49% year-over-year increase in Investment Banking fees. JPMorgan Chase & Co. (NYSE:JPM)’s strong financial position, along with strategic growth in core areas like Payments, Banking, and Asset Management, makes it one of the best momentum stocks.