5 Most Undervalued Dow Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Investors In Q2 2023: 106

Latest P/E Ratio: 9.49

JPMorgan Chase & Co. (NYSE:JPM) is a diversified bank with personal, investment, and other banking services. The firm joined other U.S. big banks in August to pay a massive $499 million settlement in a lawsuit that alleged them of misusing their position to harm the stock lending market.

During this year’s June quarter, 106 out of the 910 hedge funds surveyed by Insider Monkey had bought a stake in the bank. JPMorgan Chase & Co. (NYSE:JPM)’s biggest hedge fund stakeholder is Ken Fisher’s Fisher Asset Management through a stake worth $1.3 billion.

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