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JPMorgan reports strong Q1 earnings, despite institutional investors reducing their stakes in the company.
Institutional investors including RBO & Co. LLC and Phoenix Wealth Advisors have adjusted their stakes in JPMorgan Chase & Co. (JPM), with RBO reducing its holdings by 2,053 shares to 108,319 and Phoenix cutting its shares by 1,819 to 15,143.
Despite these adjustments, JPMorgan reported strong Q1 earnings of $4.96 per share, exceeding analyst forecasts of $4.48, and revenue of $44.91 billion, slightly above expectations.
The company has a market cap of $813.91 billion and a P/E ratio of 15.19.
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JPMorgan informa de fuertes ganancias del primer trimestre, a pesar de que los inversores institucionales redujeron sus participaciones en la compañía.