5 Most Profitable Cheap Stocks to Buy

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

Net Income (TTM) as of December 31, 2022: $37.68 billion

JPMorgan Chase & Co. (NYSE:JPM) was the most profitable ‘big four’ American bank in 2022 with trailing twelve months net income of $37.68 billion according to YCharts. JPMorgan Chase & Co. (NYSE:JPM) is also trading at a fairly attractive valuation in terms of the long term with a forward P/E ratio of 10.50. Although an economic slowdown could be a headwind, JPMorgan Chase & Co. (NYSE:JPM) has long term EPS growth potential if it maintains its market share.