MainStreet Investment Advisors LLC has reduced its stake in JPMorgan Chase & Co. by 9% in the third quarter, selling 7,005 shares and now holding 70,842 shares valued at approximately $22.35 million. JPMorgan Chase reported strong quarterly earnings, beating consensus estimates with $5.23 EPS and revenues up 7.1% year-over-year, and recently paid a quarterly dividend of $1.50 per share. Despite positive financial performance, insider selling has occurred, with COO Jennifer Piepszak selling over 8,500 shares, and analysts currently rate the stock as a “Moderate Buy.”
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MainStreet Investment Advisors LLC Sells 7,005 Shares of JPMorgan Chase & Co. $JPM
MainStreet Investment Advisors LLC has reduced its stake in JPMorgan Chase & Co. by 9% in the third quarter, selling 7,005 shares and now holding 70,842 shares valued at approximately $22.35 million. JPMorgan Chase reported strong quarterly earnings, beating consensus estimates with $5.23 EPS and revenues up 7.1% year-over-year, and recently paid a quarterly dividend of $1.50 per share. Despite positive financial performance, insider selling has occurred, with COO Jennifer Piepszak selling over 8,500 shares, and analysts currently rate the stock as a “Moderate Buy.”