News Summary - JPMorgan Chase (NYSE:JPM)

Shares of J.P. Morgan Chase & Co (NYSE:

) gained about 1.5% after the company reported its Q1 net income at $5.6 billion, or $1.28 per share, up from $3.3 billion, or $0.74 per share, in the year-earlier period. The company's revenue dropped to $25.2 billion from $27.7 billion. However, analysts were expecting earnings at $1.15 per share on revenue of $25.2 billion. The company also raised its quarterly dividend from $0.05 per share to $0.25 per share. Shares of Graham Packaging Company Inc (NYSE:

GRM

) jumped about 28.5% after Silgan Holdings Inc (NASDAQ:

SLGN

) agreed to purchase GRM for about $4.1 billion, including debt. Under the deal, SLGN will acquire GRM for $19.56 per share, representing a 17% premium over Graham's closing price of $16.71 on Tuesday. Shares of Riverbed Technology Inc (NASDAQ:

RVBD

) surged about 14% as the company issued upbeat projections for the first quarter. RVBD projects Q1 adjusted earnings of $0.19 to $0.20 per share on revenue of $163 million to $164 million. However, analysts expected Q1 earnings of $0.18 per share on revenue of $161 million. Read more

from Benzinga's Markets.

JPMJPMorgan Chase & Co

$345.23-%

Overview

SLGNSilgan Holdings Inc

$45.62-%

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