5 “Great” Earnings Reports Jim Cramer is Talking About

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

Number of Hedge Fund Holders: 100

JPMorgan Chase & Co. (NYSE:JPM) is one of the “great” earnings reports Jim Cramer is talking about. Cramer noted that the company has shown that “it can make money in any environment, including one with no investment banking”. As of May 12, JPMorgan Chase & Co. (NYSE:JPM) has returned 12.60% to investors over the past 12 months.

JPMorgan Chase & Co. (NYSE:JPM) announced market-beating earnings for the fiscal first quarter of 2023, on April 14. The company reported earnings per share of $4.10 and outperformed EPS consensus by $0.73. The company’s revenue for the quarter amounted to $38.35 billion, up 24.85% year over year and ahead of market estimates by $2.61 billion.

JPMorgan Chase & Co. (NYSE:JPM) was spotted on 100 investors’ portfolios at the close of Q4 2022. These funds disclosed positions worth $5.17 billion in the company. As of December 31, Greenhaven Associates is the most prominent investor in the company and has disclosed a position worth $643 million.

Giverny Capital made the following comment about JPMorgan Chase & Co. (NYSE:JPM) in its Q1 2023 investor letter:

“This quarter marked the end of our third year in business. It has been a wild ride – launching at the start of the pandemic, watching a bubble in low-quality stocks and cryptocurrencies inflate and deflate, and generally living with a high level of volatility. On April 14, our holding JPMorgan Chase & Co. (NYSE:JPM) announced nice earnings for the first quarter and the stock rose 7%. In a truly efficient market, the largest, best- managed bank in America would not rise or fall 7% on a single data point. Yet, we see it regularly.”