JPMorgan Chase & Co. stock is down 0.4% in premarket trades on Wednesday after Citi analyst Keith Horowitz downgraded the megabank’s stock to neutral from...
JPMorgan Chase & Co. JPM stock is down 0.4% in premarket trades on Wednesday after Citi analyst Keith Horowitz downgraded the megabank’s stock to neutral from buy due to its outperformance this year compared to other banks. “JPM is viewed as a high-quality franchise with a strong management team and balance sheet and in turn is rewarded with a premium valuation,” Horowitz said. With the stock trading at about 10.
4% in premarket trades on Wednesday after Citi analyst Keith Horowitz downgraded the megabank’s stock to neutral from buy due to its outperformance this year compared to other banks. “JPM is viewed as a high-quality franchise with a strong management team and balance sheet and in turn is rewarded with a premium valuation,” Horowitz said. With the stock trading at about 10.
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