5 Best Investments During High Interest Rates

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

Number of Hedge Fund Holders: 106

JPMorgan Chase & Co. (NYSE:JPM) functions as a global financial services corporation that is organized into four main segments – Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. On September 19, JPMorgan Chase & Co. (NYSE:JPM) declared a $1.05 per share quarterly dividend, a 5% increase from its prior dividend of $1.00. The dividend is distributable on October 31, to shareholders of record on October 6. Jamie Dimon, Chief Executive Officer at JPMorgan Chase & Co. (NYSE:JPM) said, “The US economy continues to be resilient. Almost all of our lines of business saw continued growth in the quarter.” The rise in profits was primarily attributed to an increase in net interest income. It is one of the best investments during high interest rates. 

According to Insider Monkey’s second quarter database, 106 hedge funds were bullish on JPMorgan Chase & Co. (NYSE:JPM), compared to 112 in the last quarter. 

Madison Sustainable Equity Fund made the following comment about JPMorgan Chase & Co. (NYSE:JPM) in its second quarter 2023 investor letter:

“JPMorgan Chase & Co. (NYSE:JPM) has rebounded nicely following the mini-bank crisis in March. They held an analyst meeting in May at which they gave updated guidance on net interest income. They expect net interest income to increase to $84 billion from its forecast of $81 billion as First Republic assets will get a nice boost from rising interest rates.”