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JPMorgan reports strong Q1 earnings, sees mixed investment firm stances on stock.
Investment firms have been adjusting their stakes in JPMorgan Chase & Co. (NYSE: JPM).
Rempart Asset Management Inc. reduced its holdings by 11.4%, while Cullen Investment Group LTD and Legacy Wealth Management LLC increased theirs.
JPMorgan reported a strong first quarter with $5.07 EPS, an 8% revenue increase to $45.30 billion, and an announced $1.40 quarterly dividend.
The stock has a "Moderate Buy" rating and a target price of $266.65.
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JPMorgan reporta fuertes ganancias del primer trimestre, y ve posiciones mixtas de las empresas de inversión sobre las acciones.