Cullen Frost Bankers Inc. reduced JPMorgan Chase & Co. holdings by 2.3% in Q2, while JPMorgan reported Q2 earnings exceeding expectations.

Cullen Frost Bankers Inc. reduced its JPMorgan Chase & Co. holdings by 2.3% in Q2, now owning 392,733 shares. Meanwhile, several institutional investors increased their stakes. JPMorgan reported Q2 earnings of $6.12 per share, exceeding expectations by $1.93, with a revenue of $50.80 billion. Institutional ownership stands at 71.55%, and the stock has a "Moderate Buy" rating with a target price of $211.06.