Goldman Sachs’ List Of Stocks That Hedge & Mutual Funds Love & Hate: 28 Stocks On The Mutual and Hedge Funds Radar

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

Number of Hedge Fund Holders In Q2 2024: 111

Category: Most popular with HFs and underweight among mutual funds

JPMorgan Chase & Co. (NYSE:JPM) is the biggest publicly traded bank in the world in terms of assets. As of its latest quarter, the bank had total assets of $4.1 trillion, which makes it the most important bank in the world. JPMorgan Chase & Co. (NYSE:JPM)’s heft also means that the US government has designated it as a GSIB, which allows the bank to rely on government support in case it faces trouble. At the same time, its size increases the capital allocation scrutiny that the bank faces. 2024 has been an important year for the banking industry since banks have had to contend with new rules that increase their allocation burden. However, JPMorgan Chase & Co. (NYSE:JPM) might be the best positioned to navigate these changes by covering the new allocations in the shortest time period. Yet, it could see pressure if the Fed tweaks GSIB surcharges, and tailwinds from growing capital markets activity as the bank earned $12.7 billion in revenue from investment banking and asset management in H1 2024.

Carillon Tower Advisors mentioned JPMorgan Chase & Co. (NYSE:JPM) in its Q1 2024 investor letter. Here is what the fund said:

“JPMorgan Chase contributed positively to performance following solid financial results and positive guidance for the remainder of 2024. Moreover, growing chatter around rising capital markets activity likely contributed to the stock’s strong performance relative to other banks. Recall that JPMorgan has a robust capital markets franchise.”