Top 5 Stock Picks of John Zaro’s Bourgeon Capital

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

Bourgeon Capital’s Stake Value: $14,196,000

Percentage of Bourgeon Capital’s 13F Portfolio: 3.75%

Number of Hedge Fund Holders: 104

JPMorgan Chase & Co. (NYSE:JPM) is one of the leading financial institutions in the US with a history dating back over 200 years. It provides services including investment banking, financial services for consumers and small business, commercial banking, financial transactions processing and asset management. JPMorgan Chase & Co. (NYSE:JPM) has over $2.6 trillion in client assets under management and serves clients across more than 100 countries.

John Zaro’s Bourgeon Capital holds 126,065 shares of JPMorgan Chase & Co. (NYSE:JPM), making up for 3.75% of the hedge fund’s 13F portfolio. Bourgeon Capital’s stake increased by 4% in Q2 2022, compared to the previous quarter.

JPMorgan Chase & Co. (NYSE:JPM) released its quarterly results for Q2 2022 in July. Its net revenue increased by 1% y-o-y to $30.7 billion, while net income decreased by 28% y-o-y to $8.6 billion, for the quarter ended June 30, 2022. It reported a normalized EPS of $2.76, missing the consensus by $0.14. Last month, Berenberg analyst Peter Richardson upgraded JPMorgan Chase & Co. (NYSE:JPM) to ‘Hold’ from ‘Sell’ with an unchanged price target of $120.

As of Q2 2022, 104 hedge funds tracked by Insider Monkey were bullish on JPMorgan Chase & Co. (NYSE:JPM).