Billionaire Ken Fisher’s Top 10 High Growth Stock Picks

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

Net revenue growth in the past 12 months: 23.99%

JPMorgan Chase & Co. (NYSE:JPM), the largest bank in the United States, offers a broad range of financial services, including deposit accounts, investment products, lending solutions, and investment banking. Operating in over 100 countries, the company continues to demonstrate strong financial performance.

In the third quarter of 2024, JPMorgan Chase & Co. (NYSE:JPM) reported earnings per share of $4.37, surpassing the consensus estimate of $4.02. Net revenue for the quarter reached $42.7 billion, exceeding analysts’ expectations of $41.4 billion. Assets under management increased by 23% to $3.9 trillion, while investment banking revenue grew 29% year-over-year to $2.4 billion. Over the past year, the company’s stock price has risen more than 41%, outperforming the broader market’s 24% gain.

JPMorgan Chase & Co. (NYSE:JPM) has made notable strategic moves, such as hiring top talent like Stuart Jempson from Barclays to strengthen its UK dealmaking team. However, its departure from the Net-Zero Banking Alliance underscores the challenges of balancing regulatory and environmental commitments.

As of Q3 2024, Fisher Asset Management owned 16.8 million shares of JPMorgan Chase & Co. (NYSE:JPM), valued at $3.54 billion. The company accounted for 1.45% of the hedge fund’s total 13F portfolio.