5 Most Undervalued Value Stocks To Buy According To Hedge Funds

Page 5 of 5

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

Number Of Hedge Fund Investors: 109

JPMorgan  Chase & Co. (NYSE:JPM) shares have gained about 17% year to date through December.

A total of 109 hedge funds in Insider Monkey’s database had stakes in JPMorgan Chase & Co. (NYSE:JPM).

Mairs & Power Growth Fund made the following comment about JPMorgan Chase & Co. (NYSE:JPM) in its Q3 2023 investor letter:

“We believe AI will have the largest impact in the near term on large enterprises that can harness AI to increase the productivity of their workforces and improve the experience of their customers. For instance, JPMorgan Chase & Co. (NYSE:JPM) employs more than 900 data scientists, 200 AI researchers, and 600 machine learning engineers, and is building out its own AI data center. The company expects to deliver more than $1.5 billion in business value from AI efforts in 2023.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the 10 Most Undervalued Oil Stocks To Buy According To Hedge Funds and the 16 Most Undervalued Small-Cap Stocks To Buy According To Hedge Funds.

Page 5 of 5