Is JPMorgan Chase (JPM) One of the Best Dividend Stocks Among Hedge Funds?

JPMorgan Chase & Co. (NYSE:JPM) is one of the best dividend stocks to buy according to hedge funds. On November 24, Morgan Stanley analyst Betsy Graseck reaffirmed a Hold recommendation on JPM and maintained a target price of $338.

Separately, a BBC report from November 27 indicates that JPMorgan has outlined its plan to construct a new Canary Wharf tower, which is said to strengthen the British economy by £10 billion. The banking giant mentioned that the new building will stand at around 3 million square feet, which is double in size compared to the Shard, which is presently the tallest tower in the UK. The Canary Wharf building will house 12,000 employees and be the stronghold for JPMorgan’s EMEA markets.

According to the bank, the building needs a few approvals, and then the six-year construction process will commence. The choice to remain in Canary Wharf is a huge victory for the financial district, which struggled with retaining building occupants after Covid-19 but is seeing a rebound as office return policies increase. Jamie Dimon, the JPM CEO, mentioned that the UK government prioritizes economic development and growth, which was a significant factor in selecting this location.

While we acknowledge the potential of JPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure. None.