1. JPMorgan Chase & Co. (NYSE:JPM)
Forward P/E: 14.84
Number of Hedge Fund Holders: 131
JPMorgan Chase & Co. (NYSE:JPM) is one of the 10 cheap Jim Cramer stocks to invest in right now.
On June 15, 2026, following the recent expansion to Europe, JPMorgan Chase & Co. (NYSE:JPM) expanded its 10-year, $1.5 trillion Security and Resiliency Initiative (SRI) to Canada. The initiative funds critical industries like defense and supply chains. Over the past five years, the company has nearly doubled its Canadian franchise revenue.
Separately, on June 10, 2026, Reuters reported that U.S. District Judge Jed Rakoff dismissed a lawsuit against JPMorgan Chase & Co. (NYSE:JPM), Barclays, and Fifth Third. Investors accused the banks of ignoring “giant red flags” while fraudulently marketing over $270 million in asset-backed notes for subprime auto lender Tricolor between April 2022 and June 2025. Plaintiffs, including Janus Henderson, alleged the banks were engaged in Ponzi-like fraud even though the audits in 2022 and 2024 revealed falsified cash flows in Tricolor. The banks successfully argued the claims amounted to mere negligence rather than intentional fraud and subsequently secured the dismissal.
In his Mad Money show, on June 2, 2026, Jim Cramer acknowledged JPMorgan Chase & Co. (NYSE:JPM) as the best bank in the world:
If you’re looking for a fortress, I like the stock of JPMorgan here. It’s got balanced growth, sells for only 13 times earnings. It’s the best bank in the world… You can buy JPMorgan and put it away.
Founded in 1799, JPMorgan Chase & Co. (NYSE:JPM) is a global financial services company. It offers retail banking, investment banking, asset management, and credit services to consumers, businesses, and large institutional clients. The New York-based company operates through the JPMorgan and Chase brands.
While we acknowledge the potential of JPM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than JPM and that has 100x upside potential, check out our report about the cheapest AI stock.
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