Top 10 Stocks to Buy According to Lee Munder Capital Group

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

Number of Hedge Fund Holders as of Q3: 105

LMCG’s Equity Stake: $43.74 Million 

An American multinational financial services firm headquartered in New York City and incorporated in Delaware, JPMorgan Chase & Co. (NYSE:JPM) is the largest bank in the United States. With an experience of 225 years, the company serves millions of customers, clients, and communities in over 100 global markets. The company is a market leader in investment banking, commercial banking, financial transaction processing, and asset management.

In the fourth quarter of 2024, JPMorgan Chase & Co. (NYSE:JPM) reported strong earnings; the company generated $42.77 billion in revenue, marking a 10% increase compared to the same period last year. The net income was reported as $14.01 billion, up 50% from the fourth quarter of 2023.

JPMorgan Chase & Co. (NYSE:JPM) operates through four key business segments. Consumer & Community Banking provides a range of services to individuals and businesses, including deposit and investment products, cash management, payment solutions, mortgage origination and servicing, credit card issuance, and auto loans. The segment generated a net income of $4.5 billion for Q4 2024, reflecting a 6% decline compared to the previous year. Commercial & Investment Banking offers investment banking, market-making, prime brokerage, and treasury and securities products to corporations, investors, financial institutions, and governments. It saw a strong performance with net income rising 59% year-on-year, reaching $6.6 billion for Q4 2024.

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

“JPMorgan Chase & Co. (NYSE:JPM) 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.”

The company was the fifth largest holding in Lee Munder’s stock portfolio. LMCG owned 182,481 shares of the company as of Q4 2024 which constitutes 2.68% of the hedge fund’s holding.