We recently published a list of Ken Fisher Stock Portfolio: Top 10 Stock Picks. In this article, we are going to take a look at where JPMorgan Chase & Co. (NYSE:JPM) stands against other stock picks from Ken Fisher’s portfolio.
Ken Fisher is an American billionaire investment analyst and founder of Fisher Investments, a renowned money management firm in the financial world with over 170,000 clients globally and assets of $299 billion as of the end of 2024.
READ ALSO: 12 Best Long-Term Stocks to Buy According to Ken Fisher and Billionaire Ken Fisher’s Top 10 High Growth Stock Picks.
Ken Fisher’s Investment Philosophy and Strategies
He founded Fisher Investments in 1979 and managed to grow it to big proportions through aggressive advertisements. It is one of the most advertised investment advisors in the country, with the company reaching out directly to clients and prospects to promote its products.
Another factor that has significantly contributed to the firm’s growth is that it targets high net worth individuals for investments. The company also has a positive reputation in the market for retaining portfolio management talent, which is evident from its low turnover compared to other companies in the industry, and has helped the firm have a continuity of policies and strategies.
The firm’s investment philosophy is based on Fisher’s fundamental belief in capitalism and free markets, where demand and supply determine the prices of securities. It also has a firm reliance on market research and metrics such as price-to-sales ratio to find undervalued growth stocks.
Fisher stepped down as CEO in 2016, but still has an active role to play in the firm as its Executive Chairman and Co-Chief Investment Officer. Moreover, his influence on financial markets extends well beyond asset management as he is an author of 11 books, four of which became best-sellers. The billionaire has also published many papers and is a columnist for several notable newspapers and magazines.
Recent Developments
In January this year, Fisher Investments announced that Advent International, a wholly owned subsidiary of the Abu Dhabi Investment Authority, had completed a $3 billion minority stock investment in the firm. The transaction values Fisher Investments at $12.75 billion. The strategic partnership is part of Ken Fisher’s long-term estate planning, and will ensure that the firm maintains its private independence and commitment to exceptional client service.
While Trump’s tariffs have sent shockwaves through the markets, Fisher Investments is confident about the long-term outlook. Here is what the firm stated on its weekly website series, This Week in Review:
“While more downside is possible, we think the biggest risk for investors is making any knee jerk decisions amid fast moving tariff news. Market volatility can feel unsettling. However, selling stocks during a downturn can lead to missing out on gains if the market rebounds, which we believe will happen this year.”
Methodology
We scanned Fisher Asset Management’s 13F portfolio, as of December 31, 2024. From there, we picked the top 10 stocks according to their stake value and ranked them in ascending order. ETFs have been excluded from our list.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A group of business people discussing plans around a boardroom table adorned with a financial services company logo.
JPMorgan Chase & Co. (NYSE:JPM)
Stake Value as of Q4 2024: $4,171,298,385
JPMorgan Chase & Co. (NYSE:JPM) is a financial services company that provides a range of investment banking and asset management solutions for a diverse client base. For the past four years, it has been the largest bank in the U.S. for retail deposits.
The stock has been pressured over the past month with shares declining 15% after February’s economic data pointed to weakness in the economy. Ongoing tariff updates have also hurt investor sentiment.
In another blow to the company, Wells Fargo has sued JPMorgan Chase & Co. (NYSE:JPM) over a $481 million real estate loan for allegedly being based on a fraudulently inflated financial metric. Wells Fargo has accused the bank of turning a blind eye during due diligence in pursuit of fees.
Despite recent challenges, JPMorgan Chase & Co. (NYSE:JPM)’s overall outlook remains stable. The company topped estimates for both revenue and profit for Q4 2024, driven by better-than-expected net interest income and strong investment banking results. Profit surged 50% during the fourth quarter, which helped the company post an annual profit of $58.5 billion for the full year.
Wall Street analysts are bullish on JPMorgan Chase & Co. (NYSE:JPM) with a consensus Buy rating and an average share price upside potential of 8%. It is among the top picks from the Ken Fisher stock portfolio.
Overall, JPM ranks 9th on our list of stock picks from Ken Fisher’s portfolio. While we acknowledge the potential of technology companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JPM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
