20 High Growth Mega Cap Stocks You Can Buy And Hold For Next 5 Years

16. JPMorgan Chase & Co. (NYSE:JPM) 

JPMorgan Chase & Co. is a financial services company that operates in Asset & Wealth Management, Consumer & Community Banking, and Commercial & Investment Bank segments. It provides deposit, cash management, auto loans, retirement products & services, financial solutions, and other products & services. The company has grown its revenue by 16.59% over the last 5 years.

The stock’s recent dip has made it attractive for long-term investors. It trades at a multiple just above 12 which coincides with the sector average, so the stock is by no means overvalued despite being near all-time highs. The strong Q4 performance has a lot to do with the multiple being so low. In the fourth quarter, the bank was able to keep its loan loss provisions low, decreasing 20% QoQ.

Just a few days ago, the bank announced that it was able to pull in $60 billion from clients in Latin America. After selling off all of the bank’s on-shore private banking business in the region, the company now only accepts clients with a minimum of $5 million. The fact that people continue to choose JPMorgan speaks volumes of its reputation. While a blowout quarter like the one just ended is hard to repeat, the bank should be able to sustain moderate growth going forward as all its business segments continue to show little weakness.