5 Best Bank Stocks To Buy For Long-Term

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

Number of Hedge Fund Holders: 106

RBC Capital’s Gerard Cassidy reiterated an Outperform rating and a $158 price target on JPMorgan Chase & Co. (NYSE:JPM) shares on September 12.

JPMorgan Chase & Co. (NYSE:JPM) was seen in the portfolios of 106 hedge funds in the second quarter. Their total stake value was $4.4 billion.

JPMorgan Chase & Co. (NYSE:JPM) is a diversified financial services company based in New York. It operates through its Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management segments.

Carillon Tower Advisers mentioned JPMorgan Chase & Co. (NYSE:JPM) in its second-quarter 2023 investor letter:

“Shares of JPMorgan Chase & Co. (NYSE:JPM) contributed to performance as the banking industry stabilized in the aftermath of the March bank liquidity crisis. Capital markets activity now appears to be more benign. During the banking crisis, JPMorgan Chase was seen as a safe haven because of its strong balance sheet. That view helped the firm outperform its smaller peers that faced unprecedented outflows of deposits.”

Follow Jpmorgan Chase & Co (NYSE:JPM)

See also 15 Worst Performing Bank Stocks in 2023 and 10 Oversold Bank Stocks To Buy.

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