6. JPMorgan Chase
JPMorgan Chase (JPM)was yet another bank that curried favor with hedge funds, attracting $1.4 billion in net purchases.
Maverick Capital and Shumway Capital were among the prominent funds that initiated fresh positions in the stock. Eton Park, Appaloosa Management and FrontPoint Partners added more to their holdings as well.JPMorgan reported a strong performance in the fourth quarter even as Bank of America and Citigroup (C) faltered. Earnings grew 47% to $4.83 billion, or $1.12, per share from $3.28 billion, or 74 cents, per share a year earlier, easily beating estimates. CEO Jamie Dimon has said that the bank will raise its