JPMorgan Chase & Co. (JPM) Surged on Optimism Regarding the Election Outcome

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Growth & Income Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The S&P 500 Index increased by 2.4% in Q4, reaching a 25.0% gain in 2024. The past two years have been the best for the stock market since the 1990s, with AI excitement driving returns and strong earnings growth. The market’s on-going multiple expansion—the S&P 500 Index currently has its highest multiple this century, excluding COVID years—accounted for about half of 2024’s returns, with the other half coming from robust earnings growth. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

In its fourth quarter 2024 investor letter, Carillon Eagle Growth & Income Fund emphasized stocks such as JPMorgan Chase & Co. (NYSE:JPM). Founded in 1799, JPMorgan Chase & Co. (NYSE:JPM) is a global financial services company. The one-month return of JPMorgan Chase & Co. (NYSE:JPM) was -16.44%, and its shares gained 20.71% of their value over the last 52 weeks. On March 17, 2025, JPMorgan Chase & Co. (NYSE:JPM) stock closed at $233.93 per share with a market capitalization of $654.09 billion.

Carillon Eagle Growth & Income Fund stated the following regarding JPMorgan Chase & Co. (NYSE:JPM) in its Q4 2024 investor letter:

“JPMorgan Chase & Co. (NYSE:JPM) also contributed to performance due to optimism regarding the election outcome. Investors expect a wave of deregulation, and a more permissive stance on M&A could bode well for JPMorgan’s capital markets businesses.”

JPMorgan Chase & Co. (JPM): Among Top Insider Sales Last Month

A group of business people discussing plans around a boardroom table adorned with a financial services company logo.

JPMorgan Chase & Co. (NYSE:JPM) is in 22nd position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 123 hedge fund portfolios held JPMorgan Chase & Co. (NYSE:JPM) at the end of the fourth quarter compared to 105 in the third quarter. While we acknowledge the potential of JPMorgan Chase & Co. (NYSE:JPM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we discussed JPMorgan Chase & Co. (NYSE:JPM) and shared the list of most profitable value stocks to buy. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.