Nwam LLC Boosts JPMorgan Stake Amid Strong Earnings
Nwam LLC acquired additional shares of JPMorgan Chase & Co. ($JPM) in the second quarter, increasing its position by 31.4% to own 27,880 shares worth $9,126,000.
The financial services provider reported strong quarterly earnings on July 14th, beating analyst estimates with $6.14 earnings per share and a revenue increase of 27.7% year-over-year.
Wall Street analysts forecast continued growth for JPMorgan Chase & Co., with an average target price of $360.58 and a Moderate Buy rating from MarketBeat.com.