5 Best Blue-Chip Stocks to Invest In

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

Number of Hedge Fund Holders: 108

JPMorgan Chase & Co. (NYSE: JPM) is a global financial service provider and it ranks 4th on the list of 15 best blue-chip stocks to invest in. The New York-based commercial bank offers investment banking, commercial banking, and asset management services.

On July 14, Credit Suisse analyst Susan Roth Katzke maintained an Outperform rating on JPMorgan Chase & Co. (NYSE: JPM) and raised the stock’s price target to $177 per share from $170, citing wide-ranging revenue upside as the reason for the raise.

JPMorgan Chase & Co. (NYSE: JPM) established a passive bitcoin fund for its Private Bank clients in the first week of August, according to a recent report. Shares of JPMorgan Chase & Co. (NYSE: JPM) jumped 6% in the previous month.

The company has a market cap of $479 billion. In the second quarter of 2021, JPMorgan Chase & Co. (NYSE: JPM) reported an EPS of $3.78, beating estimates by $0.61. The company’s revenue in the second quarter came in at $30.5 billion and beat revenue estimates by $762.45 million.

JPMorgan Chase & Co. (NYSE: JPM) currently pays its shareholders an annualized dividend of $3.60 per share and offers a dividend yield of 2.24%. 

At the end of the second quarter of 2021, 108 hedge funds in the database of Insider Monkey held stakes worth $4.93 billion in JPMorgan Chase & Co. (NYSE: JPM), down from 111 in the preceding quarter worth $5.25 billion.