The Rise of Jamie Dimon of JP Morgan and Making Chase the Most Successful Bank in the World

Hedge Funds are bullish on JPMorgan Chase & Co.NYSE: JPM. The largest stake in JPMorgan Chase & Co. (NYSE:JPM) was held by Berkshire Hathaway, which reported holding $5196 million worth of stock at the end of September 2019. Fisher Asset Management holds a $543.8 million position.

JPMorgan Chase & Co. (NYSE:JPM) is a buy. The bank is the largest U.S Bank in total assets. While the bank reported a $2.9 billion profit 1st quarter 2020, it is down from $8 billion in profit from previous quarters. With that said the Coronavirus pandemic has affected earnings. JPMorgan Chase & Co was forced to set aside a credit provision to set aside loan losses in the future.

 

JPMorgan is a leading global financial services firm with assets of $2.7 trillion. JPMorgan is a leading has consistently gained market share. Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co. invests  heavily  to keep the bank at the competitive advantage it holds today. The banks’ balance sheet  has substantial excess capital and liquidity. JPMorgan Chase & Co. (NYSE:JPM) has outpaced its peers substantially. JPMorgan Chase & Co. (NYSE:JPM) provided investors with a  3.8% dividend yield. This is a compelling reason to own the bank. The bank is a  bellwether for the global financial system. We see JPMorgan Chase & Co. (NYSE:JPM) as a good long-term investment.

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Photo Credit:FlickrThe Global Financial Context: James Dimon

 

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