5 Best Bank Stocks to Buy Amid Rising Inflation

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

Number of Hedge Fund Holders: 110

JPMorgan Chase & Co. (NYSE:JPM), the largest bank in the world in terms of market capitalization, is involved in providing investment banking and financial services. One of the Big Four banks in America, the company has a market cap of $343.87 billion as of June 24. 

On May 24, JPMorgan Chase & Co. (NYSE:JPM) was upgraded to Buy from Hold and the price target was raised to $150 from $145 by Societe Generale analyst Andrew Lim, who cited positive guidance regarding the net interest income, investment bank trading revenues, and credit quality. 

The hedge fund sentiment toward JPMorgan Chase & Co. (NYSE:JPM) is positive as 110 hedge funds were bullish on the company in the first quarter of 2022, compared to 107 in the last quarter.

JPMorgan Chase & Co. (NYSE:JPM) has a forward P/E ratio of 10.16 compared to its industry’s average forward P/E ratio of 9.47. 

According to the database of Insider Monkey that tracks 912 elite hedge funds, the biggest stakeholder in JPMorgan Chase & Co. (NYSE:JPM) is Ken Fisher’s Fisher Asset Management with 7,760,086 shares worth $1.05 billion, making up 0.62% of the hedge fund’s portfolio.

JPMorgan Chase & Co. (NYSE:JPM) was mentioned in ClearBridge Investments’ fourth-quarter 2021 investor letter. Here is what it said:

“Our energy and financials holdings kept pace in the 2021 rally. In financials, JPMorgan benefited from strong economic growth, a rise in Treasury yields, and a benign credit environment.”

You can also take a peek at the 12 Best American Stocks To Buy in 2022 and 10 Cheap Chinese Stocks To Buy.

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