10 Mega-Cap Stocks That Could Continue Surging Post 52-Week Highs

1. JPMorgan Chase and Co. (NYSE:JPM)

JPMorgan Chase and Co. is a global financial services provider. It operates in asset & wealth management, consumer and community banking, and commercial & investment banking segments. The bank has shown a strong upward trend in the previous year with a gain of 55%.

The reason for this optimism is the company’s recently announced Q4 performance. It exceeded the expected revenue for Q4 by $1.21 billion. Additionally, GAAP EPS was also higher ($4.81) than expected ($4.10). The Fixed-Income, Currency, and Commodities (FICC) trading Outperformed this quarter, clocking in at $5.01 billion, surpassing the expected $4.37 billion mark.

The bank’s book value per share was up 11% while tangible book value per share was up 13% y/y.  The net interest income of the bank was down 3% as compared to the previous year, but it still managed to exceed estimates. The strong performance of the company as well as continuous gain in the stock’s price for the whole year continues to deliver strong results for investors.

JPMorgan Chase is 22nd on our latest list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 105 hedge fund portfolios held JPM at the end of the third quarter which was 111 in the previous quarter. While we acknowledge the potential of JPM as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as JPM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.