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Strategic Financial Concepts LLC dramatically increased its stake in JPMorgan Chase, which reported strong earnings and raised its dividend.
Strategic Financial Concepts LLC significantly increased its stake in JPMorgan Chase & Co. by over 16,000%, while other institutional investors also adjusted their holdings.
JPMorgan reported a strong quarter with EPS of $4.81, exceeding expectations by $0.78.
The company's revenue was $42.77 billion, surpassing forecasts.
JPMorgan announced a quarterly dividend of $1.25, with a yield of 1.81%.
Analysts project the company to post 18.05 EPS for the year.
Institutional investors hold 71.55% of the stock.
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Strategic Financial Concepts LLC aumentó drásticamente su participación en JPMorgan Chase, que reportó fuertes ganancias y aumentó su dividendo.