Manufacturers Life Insurance reduced stake in JPMorgan Chase, while Q2 earnings exceeded estimates and a dividend increase was announced.
The Manufacturers Life Insurance Company reduced its stake in JPMorgan Chase by 2.9%, owning 2,770,526 shares post-sale. JPMorgan reported Q2 earnings of $6.12 per share, exceeding estimates by $1.93, and announced a quarterly dividend increase to $1.25. Analysts rate the stock as a "Moderate Buy" with a target price of $211.06. The company operates in four segments and has a market cap of $598.62 billion.
September 29, 2024
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