In this piece, we will take a look at the top five finance and investment stocks to buy today according to Israel Englander’s Millennium Management. If you want to learn about Mr. Englander, his firm, and its other finance and investment stock picks, then head on over to 10 Finance and Investment Stocks to Buy Today According to Israel Englander’s Millennium Management.
5. JPMorgan Chase & Co. (NYSE:JPM)
Millennium Management’s Stake Value: $220 million
Percentage of Millennium Management’s 13F Portfolio: 0.11%
Number of Hedge Fund Holders: 107
JPMorgan Chase & Co. (NYSE:JPM) is one of the oldest banks in the world, as it was set up in the United States during the country’s infancy in 1799. It offers a host of financial services, such as deposit and investment products, loans, leasing, mortgages, and more.
Millennium Management’s Q4 2021 stake in JPMorgan Chase & Co. (NYSE:JPM) was worth $220 million. It came in the form of 1.3 million shares and represented 0.11% of the firm’s investment portfolio. Insider Monkey’s 924 hedge fund survey for the same time period outlined that 107 had also held the bank’s shares.
JPMorgan Chase & Co. (NYSE:JPM) reported $30 billion in revenue and $2.63 in non-GAAP EPS for its fiscal first quarter, beating analyst revenue estimates but meeting them for revenue. Argus lowered its price target to $155 from $177 in April 2022, outlining that the company’s balance sheet was hurt by the Russia-Ukraine conflict.
JPMorgan Chase & Co. (NYSE:JPM)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 7.4 million shares worth $1.1 billion.
“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.