10 Best Very Cheap Stocks to Buy According to Billionaires

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

Forward P/E as of March 28: ~13.2x

Number of Billionaire Investors: 14

Number of Hedge Fund Holders: 123

JPMorgan Chase & Co. (NYSE:JPM) operates as a financial services company. Analyst at Wells Fargo, Mike Mayo, remains optimistic about the company’s stock, reiterating a Buy-equivalent “Overweight” rating with a price objective of $300. The analyst expects JPMorgan Chase & Co. (NYSE:JPM) to benefit from the growth in employee productivity, higher market share, and potential margin gains. All these gains are expected to be backed by its investments in new and emerging technologies like AI. The company’s healthy performance in investment banking and trading places it well in a bid to capture additional market share.

In investment banking, JPMorgan Chase & Co. (NYSE:JPM) can use its healthy relationships and industry expertise to gain more advisory mandates and underwriting deals. Its ability to offer comprehensive financial solutions throughout debt and equity capital markets and M&A advisory offers it a competitive advantage in capturing a significant share of client wallets. JPMorgan Chase & Co. (NYSE:JPM)’s investments in technology and risk management systems can enable it to handle increased volumes and more complex transactions, which can attract more flow from institutional clients.

Carillon Tower Advisers, an investment management company, released its Q4 2024 investor letter. Here is what the fund said:

“JPMorgan Chase & Co. (NYSE:JPM) also contributed to performance due to optimism regarding the election outcome. Investors expect a wave of deregulation, and a more permissive stance on M&A could bode well for JPMorgan’s capital markets businesses.”