11 Cheap NYSE Stocks to Invest in According to Hedge Funds

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

Forward P/E Ratio as of April 8: 11.74

Number of Hedge Fund Holders: 123

JPMorgan Chase & Co. is a financial services company that operates through the Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management segments. Among other traditional services, it offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors.

The company’s software engineers have seen a 10% to 20% increase in productivity due to an in-house coding assistant recently. This enabled the company’s 63,000-strong tech workforce to focus on higher-value AI and data projects. Driven by this, Mike Mayo of Wells Fargo reiterated a Buy equivalent Overweight rating on the company with a $300 price target. There are 450 current AI use cases and the CEO projects 1,000 by next year. Additionally, President Daniel Pinto estimates that AI could add $1 billion to $1.5 billion in value.

As for Q4 2024, the company’s Consumer & Community Banking (CCB) segment’s revenue rose by a modest 1% and generated $18.4 billion due to an 11% rise in card outstanding and higher Net Interest Income (NII) in its Card Services business. Around 10 million new card accounts were acquired in 2024 but projections for 2025 are slightly moderate as compared to 2024.

Carillon Eagle Growth & Income Fund stated the following regarding JPMorgan Chase & Co. (NYSE:JPM) in its Q4 2024 investor letter:

“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.”

While we acknowledge the growth potential of JPMorgan Chase & Co. (NYSE:JPM), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than JPM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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