If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.

Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.

Why You Should Pay Attention to JPMorgan Chase & Co. (JPM)

Headquartered in New York, JPMorgan Chase & Co. is one of the biggest global banks with assets worth $4.21 trillion and stockholders’ equity worth $345.8 billion as of Sept. 30, 2024. With operations in more than 60 countries, the company (incorporated under Delaware law in 1968) is one of the largest financial service firms in the world.

On October 10, 2016, JPM was added to the Zacks Focus List at $68.11 per share. Shares have increased 252.18% to $239.87 since then.

Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.61 to $18.93. JPM also boasts an average earnings surprise of 7.7%.

Moreover, analysts are expecting JPMorgan Chase & Co.'s earnings to grow 16.6% for the current fiscal year.

Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like JPM, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report

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