Merit Financial Group LLC Purchases 13,458 Shares of JPMorgan Chase & Co. $JPM

Merit Financial Group LLC increased its stake in JPMorgan Chase & Co. by 8.5% in the fourth quarter, purchasing an additional 13,458 shares and bringing its total holdings to 171,329 shares valued at approximately $55.2 million. The bank recently reported strong quarterly earnings, beating estimates with an EPS of $5.94 and revenue of $50.54 billion, and analysts have a “Moderate Buy” rating with an average target price of $336.16. JPMorgan is expanding its private credit platform and closing large commercial loans, which could boost fees but also raises concentration and credit-risk concerns, while insiders have recently sold shares.

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