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


Comments is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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