5 Most Profitable Value Stocks Now

Page 5 of 5

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

Number of Hedge Fund Holders: 100

JPMorgan Chase & Co. (NYSE:JPM) is in the spotlight after crushing Q1 earnings estimates. GAAP EPS in the first quarter came in at $4.10, beating estimates by $0.69. Revenue in the period increased by about 24.8% year over year to reach $38.3 billion, surpassing estimates by $2.53 billion. Major bans like JPMorgan Chase & Co. (NYSE:JPM) are seeing huge inflows of customers as people flee small banks after the SVB collapse.

100 hedge funds in Insider Monkey’s database of 943 hedge funds entered 2023 with stakes in JPMorgan Chase & Co. (NYSE:JPM).

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.”

You can also take a peek at 10 Most Profitable Small Businesses in 2023 and 10 Best April Dividend Stocks To Buy.

Page 5 of 5