10 Most Profitable Cheap Stocks to Buy Now

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

Forward P/E: 13.35

TTM Net Income: $58.24 Billion

Number of Hedge Fund Holders: 123

JPMorgan Chase & Co. (NYSE:JPM) is an American financial services and banking corporation with operations worldwide. The company specializes in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. Through its J.P. Morgan and Chase brands, it serves customers in the US and many prominent corporate, institutional, and government clients around the world. JPMorgan Chase & Co. (NYSE:JPM) is one of the most profitable stocks to consider investing in.

On April 17, UBS raised its price target on JPMorgan Chase & Co. (NYSE:JPM) from $277 to $305 and maintained a “Buy” rating after the banking company’s strong first-quarter 2025 results. UBS analyst Erika Najarian noted that the company flexed its earnings muscle and delivered better-than-expected trading-driven revenue. JPMorgan Chase & Co. (NYSE:JPM) also raised its consolidated net interest income guidance by $500 million. UBS updated its estimates and said that the company’s stronger revenues and more aggressive share buybacks in Q1 balanced out the impact of higher provisions. Najarian raised her 2025 EPS estimate for JPMorgan Chase & Co. (NYSE:JPM) from $18.46 to $19.37. She also raised her 2026 EPS forecast from $18.90 to $20.14 mainly because of the strong revenue momentum and the acceleration of the buildup of reserves into 2025.

Overall, JPM ranks first among the 10 most profitable cheap stocks to buy now. While we acknowledge the potential of these most profitable stocks, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than JPM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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