5 Most Profitable Stocks of the Last 12 Months

In this article, we discuss the 5 most profitable stocks of the last 12 months. If you want to read our detailed analysis of these stocks, go directly to 23 Most Profitable Stocks of the Last 12 Months. 

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

Number of Hedge Fund Holders: 103    

Net Income: $48.5 Billion

JPMorgan Chase & Co. (NYSE:JPM) operates as a financial services company worldwide. On March 13, investment advisory RBC Capital maintained an Outperform rating on JPMorgan Chase & Co. (NYSE:JPM) stock with a price target of $185. 

At the end of the fourth quarter of 2023, 103 hedge funds in the database of Insider Monkey held stakes worth $9 billion in JPMorgan Chase & Co. (NYSE:JPM), compared to 109 in the preceding quarter worth $6 billion. 

In its Q4 2023 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and JPMorgan Chase & Co. (NYSE:JPM) was one of them. Here is what the fund said:

“PNC Financial and JPMorgan Chase & Co. (NYSE:JPM) performed well due to more benign inflation data, which the market likely interpreted as a sign that a recession is now less likely to occur. Recall that historically speaking, banks are hyper-cyclical stocks and typically will trade lower if investors foresee a recession, because recessions tend to trigger loan losses.”