Jim Cramer Nailed These 11 Stock Predictions

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

Number of Hedge Fund Holders: 123

Back in 2024, on May 16, Mad Money’s Jim Cramer highlighted JPMorgan Chase & Co. (NYSE:JPM) during a segment focused on the Dow’s climb from 30,000 to 40,000, crediting the bank’s steady leadership and consistent execution under Jamie Dimon as key reasons for its 64% gain over that period.

“Jamie Dimon — the CEO of JPMorgan — is a great banker. What else is there to say? He’s got a great banking team, rarely makes mistakes, he’s got a tremendous loan book. The stock’s still cheap, even as it’s run 64% since November 2020. I like the dividend too.”

JPMorgan delivered as promised, rising 32.15%  since Cramer praised its leadership and stable fundamentals. JPMorgan Chase & Co. (NYSE:JPM) continues to shine as the leading U.S. bank by assets, bolstered by high net interest margins and fortress leadership.

Cramer remains bullish on the bank. Here’s what he said in May:

“Next up, analyst meetings are often very dry affairs that are informational but not actionable. That is not the case, though, when JPMorgan, the largest bank, speaks on Monday. Their analyst meeting moves, well, I’ll tell you, it moves stocks, especially when CEO Jamie Dimon gives his somewhat jaundiced view of the world because, well, he’s somewhat jaundiced. He may be a tad saturnine, too, while I’m at it.”