Stocks
TD Asset Management Cuts Stake in JPMorgan Chase by Nearly 20% Amid Strong Earnings
TD Asset Management Inc reduced its stake in JPMorgan Chase & Co. by 19.6% in the second quarter, selling 856,444 shares and leaving it with 3,520,281 shares of the financial services provider's stock.
The institutional investor owned approximately 1.0% of TD Asset Management Inc's portfolio, making JPMorgan Chase & Co. its 23rd biggest position, worth $1,152,294,000 at the end of the most recent quarter.
JPMorgan Chase & Co. reported a strong second-quarter earnings report on July 14th, beating expectations with $6.14 earnings per share and revenue of $58.02 billion, up 27.7% from the same period last year.