5 Best Bank Stocks to Buy Now

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

Number of Hedge Fund Holders: 104

JPMorgan Chase & Co. (NYSE:JPM) is a diversified banking and financial services company operating across the globe. The company offers deposit, investment and lending products, payments, and services to consumers, among other services.

Analyst Gerard Cassidy at RBC Capital holds an ‘Outperform’ rating on JPMorgan Chase & Co. (NYSE:JPM) shares as of July 15. The analyst also has a $130 price target on the stock.

During the second quarter, JPMorgan Chase & Co. (NYSE:JPM) delivered EPS of $2.76, beating the previous quarter’s EPS of $2.63. The company’s revenue was $30.7 billion, up 0.8% year-over-year. JPMorgan Chase & Co.’s (NYSE:JPM) EPS is expected to rise by 0.7% over the next three to five years, and its current one-year dividend growth rate is 11.1%.

Our hedge fund data shows 104 hedge funds long JPMorgan Chase & Co. (NYSE:JPM) in the second quarter of 2022. Their total stake value was $5.8 billion.

Be sure to also check out the 10 Best Vanguard Stocks to Buy Now and 15 Best Security Stocks to Buy Now.

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