Five Banking Stocks Billionaires Like

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

– Number of Billionaire Holders (as of September 30): 9
– Total Value of Billionaire Holdings in the Stock (as of September 30): $1.77 billion

Although Fintech startups will disrupt many smaller banks in the near future, they won’t threaten JPMorgan Chase & Co. (NYSE:JPM) any time soon. Led by Jamie Dimon, the bank is aggressively pursuing innovative technologies and ‘internal working groups have made significant advances this year and will be provided even more freedom to develop market leading platforms in 2016.’ Among the new technologies JPMorgan is pursuing is Blockchain, which can lower the bank’s costs substantially. Hedge fund sentiment towards, JPMorgan has remained stable, with the number of funds long the stock unchanged at 100 quarter-over-quarter.

#2 Bank of New York Mellon Corp (NYSE:BK)

– Number of Billionaire Holders (as of September 30): 11
– Total Value of Billionaire Holdings in the Stock (as of September 30): $3.36 billion

Bank of New York Mellon Corp (NYSE:BK) had a pretty good third quarter, with EPS of $0.74 on revenue of $3.8 billion. Although sales missed the estimates by $70 million, Bank of New York Mellon’s EPS exceeded expectations by $0.03 per share. The bank also bought back 15.8 million shares. Although shares are only up 0.79% year-to-date, the stock has plenty of upside, as analysts have a consensus price target of $47.80. Andreas Halvorsen’s Viking Global owned 10.29 million shares at the end of the third quarter.