5 Best Blockchain Stocks To Buy in 2022

In this article, we will look at 5 best blockchain stocks to buy in 2022. If you want to read about blockchain technology and how it is transforming various industries other than the fintech industry, you can go to 10 Best Blockchain Stocks To Buy in 2022.

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

Number of Hedge Fund Holders: 107

Moving on, we see JPMorgan Chase & Co. (NYSE:JPM) making note-worthy progress and contributions in the blockchain industry. In 2018, the company launched the Interbank Information Network, the company’s first scalable peer-to-peer (P2P) blockchain network to make cross-border transactions faster and more secure. In 2019, JPMorgan Chase & Co. (NYSE:JPM) launched the JPM Coin, its digital alternative coin designed to replicate fiat currencies to facilitate instantaneous payments and reduce settlement times. Moreover, this February, the company announced its plans to invest in TRM Labs, a pioneering blockchain analysis company. JPMorgan Chase & Co. (NYSE:JPM) is making unparalleled efforts in the space, which makes it an attractive blockchain stock to buy in 2022.

On April 13, JPMorgan Chase & Co. (NYSE:JPM) released market-beating earnings for the fiscal first quarter of 2022. The company reported earnings per share of $2.63 and generated revenues of $30.72 billion, beating revenue estimates by over $318 million. This April, Piper Sandler analyst Jeffery Harte raised his price target on JPMorgan to $170 from $165 and reiterated an Overweight rating on the shares following the company’s strong earnings results for FQ1 2022.

JPMorgan Chase & Co. (NYSE:JPM) was present on 107 hedge fund portfolios at the end of the fourth quarter of 2021. The total stakes of these funds were valued at $6.58 billion, up from $5.63 billion in Q3 2021 with 101 positions. The hedge fund sentiment for JPMorgan Chase & Co. (NYSE:JPM) is positive.

Ken Fisher’s Fisher Asset Management is reported to be the largest shareholder in JPMorgan Chase & Co. (NYSE:JPM) as of the end of last December. The fund’s stakes in the company were more than $1.17 billion, and the stock covers 0.65% of Fisher Asset Management’s investment portfolio.

ClearBridge Investments mentioned JPMorgan Chase & Co. (NYSE:JPM) in its fourth-quarter 2021 investor letter:

  “Our energy and financials holdings kept pace in the 2021 rally.  In financials, JPMorgan benefited from strong economic growth, a rise in Treasury yields, and a benign credit environment.”