11 Best Beginner Stocks To Invest In Now

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

Number of Hedge Fund Holders: 105

JPMorgan Chase & Co. (NYSE:JPM) provides financial services to millions in 100 countries from across the globe. Some of its services include investment banking solutions, risk management services, and capital-raising services to companies, institutions, and the government. JPM is one of the best beginner stocks to invest in right now and we say that because of its strong financial performance and outlook on innovation. Over the past few months, the company has made advances to offer biometric payment options and has launched features in partnership with Oracle to streamline transactions across the treasury, trade, and commerce sectors.

Speaking of strong financials, JPMorgan Chase & Co. (NYSE:JPM) logged $42.7 billion in revenues, up by 6%, and had assets under management worth $3.9 trillion, up by 29%, by the end of the third quarter of 2024. Similarly, the company reported close to $13 billion in net income and $23.5 billion in net interest income, up by 3%. The company suggests that amid geopolitical tensions and economic turmoil market revenues have been consistent. In addition to market performance, JPMorgan Chase & Co. (NYSE:JPM) is also satisfied with its operational efficiencies due to the growing use of artificial intelligence to complete tedious tasks.

The company’s solid ecosystem is evident by its large customer base. As of Q3 2024, JPMorgan Chase & Co. (NYSE:JPM) had more than 82 million consumers in the United States, 6 million small businesses, 40,000 large and medium-sized businesses, and thousands of institutional clients. Overall, 105 hedge funds held stakes in JPM at the close of Q3 2024, according to our Insider Monkey database.