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Bank of New York Mellon Corp Buys More JPMorgan Chase & Co. Stock

Guavy AI Editorial Team
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JPM
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Bank of New York Mellon Corp has increased its stake in JPMorgan Chase & Co. stock, according to a recent SEC filing.

The firm now owns 21,642,804 shares of the financial services provider's stock after buying an additional 540,362 shares during the 2nd quarter.

This represents a 2.6% increase in Bank of New York Mellon Corp's stake in JPMorgan Chase & Co., making it the company's 11th biggest position in its portfolio.

JPMorgan Chase & Co. has a current market capitalization of $939.34 billion and a PE ratio of 15.14.

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