12 Best Fortune 500 Stocks To Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 123

Next on our list of the Best Large Cap Stocks According to Hedge Funds is JPMorgan Chase & Co. (NYSE:JPM), a leader in investment banking, commercial banking, financial transaction processing, and asset management. With assets of $3.9 trillion and clients in over 100 countries worldwide, the company’s extensive reach and diversification have been a key factor in its ability to navigate challenging market conditions.

JPMorgan Chase & Co. (NYSE:JPM) delivered record earnings in 2024, reporting its biggest-ever annual profit of $58.5 billion, an 18% increase from the previous year. Net income in the fourth quarter surged 50% YoY thanks to a 7% decline in non-interest expense. The record growth in earnings last year is primarily attributed to the company’s dealmakers and traders reaping a windfall from rebounding markets in the fourth quarter. JPM is recognized as one of the 12 Best Financial Sector Dividend Stocks to Buy Right Now, having made consistent dividend payments to shareholders since 1972. The company maintained its reputation as an avid dividend payer and cumulatively paid a common dividend of $3.5 billion, or $1.25 per share, in Q4 2024.

Shares of JPMorgan Chase & Co. (NYSE:JPM) have surged by more than 44% over the last year, outperforming the broader market, thanks to its strong fundamental performance and durable competitive strengths.

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