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JPMorgan Chase & Co. $JPM Holdings Lowered by Exane Asset Management
Exane Asset Management significantly reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 99.9% in the fourth quarter, selling 91,794 shares and retaining only 80 shares valued at $26,000. Despite this reduction, JPMorgan recently exceeded Q1 earnings expectations and announced a quarterly dividend of $1.50 per share. The company maintains a “Moderate Buy” consensus rating from analysts, with an average target price of $336.16.