5 Best Financial Stocks To Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 103

A total of 103 hedge funds were long JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, with a total stake value of $9.1 billion.

JPMorgan Chase & Co. (NYSE:JPM) is another diversified banking company on our list. It offers corporate and investment banking, commercial banking, consumer and community banking, and asset and wealth management services.

A Buy rating was maintained on JPMorgan Chase & Co. (NYSE:JPM) on February 1 by Richard Ramsden at Goldman Sachs.

Here’s what Madison Investments said about JPMorgan Chase & Co. (NYSE:JPM) in its fourth-quarter 2023 investor letter:

“We updated the sustainable scorecard for JPMorgan Chase & Co. (NYSE:JPM). JP Morgan continues to have an Average rating across Governance, Social and Environmental factors. JP Morgan is using its business to improve climate change. JP Morgan has targeted $2.5 trillion in financing between 2021 and 2030 to advance long-term solutions to address climate change and sustainable development. The Board has oversight of corporate responsibility and ESG matters, but ESG and Sustainability are addressed across the firm. JPM does listen to shareholders. After a 31% For Vote on executive compensation in 2022, the Board will not be granting any special awards to Jamie Dimon or Daniel Pinto and if awarded to other Named Executive Officers, there will be a direct performance condition associated with the award. The Compensation Committee limited the cash percentage of Dimon and Pinto’s compensation.”

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