News Summary

Shares of J.P. Morgan Chase & Co JPM 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 GRM jumped about 28.5% after Silgan Holdings Inc 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 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.