12 Best Dow Stocks to Buy Right Now

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

No. of Hedge Fund Holders: 105

JPMorgan Chase & Co. (NYSE:JPM) is an American multinational financial services and investment banking company. JPMorgan manages its operations through three segments including Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management.

JPMorgan Chase & Co.’s diversified financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management make it an attractive investment option. The company’s overall stability relies on its diversification which allows it to create a balance across different segments.

JPMorgan Chase & Co. (NYSE:JPM) outperformed the broader financial market, rising by more than 54% in 2024. In Q4 2024, the company’s earnings and revenue beat the estimates. The revenue came in at $43.74 billion, up by 13.4% year-over-year, while the EPS was $4.81, beating estimates of $3.89 per share. The increased sales in Q4 were driven by double-digit growth in payment fees, which recorded double-digit growth for the fourth consecutive quarter.

The company continued to expand its customer base across Consumer Banking, Business Banking, Card, and Wealth Management. For instance, Asset and Wealth Management experienced record long-term net inflows of $234 billion, driven by positive growth across all channels, regions, and asset classes. In addition, JPMorgan Chase & Co. registered 2 million net new checking accounts in 2024.

JPM’s capital management also remains robust as the CET1 ratio improved to 15.7%, up 40 basis points quarter-over-quarter. The company remains committed to returning capital to shareholders through dividends, returning $3.5 billion to investors through dividends in Q4 2024.