15 Best Bank Stocks to Buy According to Billionaires

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

Number of Billionaire Investors: 14

JPMorgan Chase & Co. (NYSE:JPM), an American multinational banking and financial services giant, ranks 8th on our list of the best bank stocks to buy. In February 2025, the company declared a big move in private credit, announcing at its 30th annual Global Leveraged Finance Conference that it is committing $50 billion from its balance sheet, plus nearly $15 billion from co-lenders. This expansion aims to strengthen its direct lending capabilities and offer tailored credit solutions for clients’ changing needs.

JPMorgan Chase & Co. (NYSE:JPM) reported a 50% jump in net income to $14 billion and a 10% rise in net revenue to $43.7 billion in the fourth quarter of 2024. While net interest income dipped 3% to $23.5 billion, noninterest revenue surged 29% to $20.3 billion. Operating expenses dropped 7% to $22.8 billion, but after adjusting for last year’s $2.9 billion FDIC special assessment, they actually rose 5%, mainly due to higher pay, brokerage costs, and tech investments. The bank also set aside $2.6 billion for credit losses, with net charge-offs rising to $2.4 billion, mostly from Card Services.

On March 12, Truist Securities maintained a Hold rating on JPMorgan Chase & Co. (NYSE:JPM) with a $268 price target. CFO Jeremy Barnum noted slight weakness in consumer spending but emphasized the bank’s stability and 14-year dividend growth.