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JPMorgan Chase & Co. $JPM Shares Sold by Confluence Wealth Services Inc.
Confluence Wealth Services Inc. reduced its stake in JPMorgan Chase & Co. by 7.2%, selling 3,565 shares but still holding 46,216 shares valued at $14.891 million. This comes as JPMorgan reported strong quarterly earnings, beating estimates with $5.94 EPS and $50.54 billion in revenue, and recently paid a $1.50 quarterly dividend. Despite positive analyst sentiment and strategic investments, there have been significant insider sales, with the COO and CEO selling a combined 59,136 shares, totaling approximately $18.15 million.