Welch & Forbes Sells Stake in JPMorgan Chase & Co.

JPMorgan Chase & Co., one of the world's largest financial institutions, has seen its stake in the company reduced by Welch & Forbes LLC. The firm sold 7,413 shares during the second quarter, lowering its stake to 2.6% of Welch & Forbes' holdings. This represents a decrease of 1.1% from the previous quarter.

The value of Welch & Forbes' holdings in JPMorgan Chase & Co. was $211,290,000 as of its most recent filing with the SEC. The company's stock price has fluctuated over the past year, ranging from a low of $279.10 to a high of $366.50.

JPMorgan Chase & Co.'s quarterly earnings data showed that the financial services provider reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.59 by $0.55. The company's revenue was up 27.7% on a year-over-year basis.