Do You Agree With Billionaire Ken Fisher’s Top Finance Picks For Q4?

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

Shares held (as of September 30): 13.82 million
Total Value (as of September 30): $842.68 million
Percent of Portfolio (as of September 30): 1.76%

Although JPMorgan Chase & Co. (NYSE:JPM) had a tough trading quarter that led it to miss analyst EPS estimates for its most recent quarter, the bank’s shares are still up by 4.83% year-to-date. Under the leadership of the best CEO in the business, Jamie Dimon, JPMorgan Chase has a fortress balance sheet and earns a respectable return on capital. With a forward P/E of 10.23 and dividend yield of 2.76%, shares look cheap. Look for JPMorgan Chase’s stock to do well over the next five years as management buys back more stock and the bank’s tangible book increases. Paul Ruddock and Steve Heinz‘s Lansdowne Partners owned 21.16 million shares of the investment bank at the end of June.

#1 Wells Fargo & Co (NYSE:WFC)

Shares held (as of September 30): 18.81 million
Total Value (as of September 30): $965.82 million
Percent of Portfolio (as of September 30): 2.01%

At 2.01% of his portfolio, Wells Fargo & Co (NYSE:WFC) is Ken Fisher’s favorite finance holding. It isn’t surprising, as Wells Fargo is also Warren Buffett’s top holding at 24.67% of Buffett’s portfolio. Buffett likes Wells Fargo so much that he said during the depths of the financial crisis that he would to buy the entire bank if U.S laws allowed it. With a forward P/E of 12.35 and dividend yield of 2.74%, shares look cheap, especially once interest rates begin to normalize.

Disclosure: None