When it comes to big bank stocks for the long haul, no one beats JPMorgan Chase (JPM). Under the leadership of CEO Jamie Dimon, JPM has outperformed peers — and the broader market — even as it navigated the great financial crisis and a worldwide pandemic.
Dimon, who was named CEO at the end of 2005, spent the early years of his tenure getting the nation's largest bank by assets ready for the storm. While competitors were leveraging up on subprime mortgage-backed securities, Dimon ordered JPM to reduce its exposure. The conservative, and even contrarian, approach to risk management paid off.
