5 Best Diversified Bank Stocks to Buy Now

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

Number of Hedge Fund Holders: 100

JPMorgan Chase & Co. (NYSE:JPM) is a diversified financial services company. It is based in New York.

An Outperform rating was reiterated on JPMorgan Chase & Co. (NYSE:JPM) shares on April 18 by analysts at Credit Suisse.

Analysts see JPMorgan Chase & Co. (NYSE:JPM) as a Strong Buy since it has 13 Buy ratings and four Hold ratings. The average price target placed on the stock is $160.94, and the shares were trading at $138.24 on April 29. This gives them an upside potential of 16.42%.

In total, 100 hedge funds were long JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter. Their total stake value was $5.2 billion.

Giverny Capital Asset Management, LLC, an investment management company, mentioned JPMorgan Chase & Co. (NYSE:JPM) to its first-quarter 2023 investor letter. Here’s what the firm said:

“This quarter marked the end of our third year in business. It has been a wild ride – launching at the start of the pandemic, watching a bubble in low-quality stocks and cryptocurrencies inflate and deflate, and generally living with a high level of volatility. On April 14, our holding JPMorgan Chase & Co. (NYSE:JPM) announced nice earnings for the first quarter and the stock rose 7%. In a truly efficient market, the largest, best- managed bank in America would not rise or fall 7% on a single data point. Yet, we see it regularly.”

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See also 13 Best Bank Dividend Stocks to Buy and 11 Bank Stocks with Insider Buying and Selling Last Week.

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