JPMorgan Chase was downgraded to neutral from buy at Citi ahead of second-quarter earnings for the banking sector. Citi analysts led by Keith Horowitz said...
JPMorgan Chase JPM was downgraded to neutral from buy at Citi ahead of second-quarter earnings for the banking sector. Citi analysts led by Keith Horowitz said JPMorgan’s premium valuation has returned, moving it to the sidelines. It said its top picks are Comerica CMA, KeyCorp KEY, Wells Fargo WFC and Bank of New York Mellon BK, as it maintained a negative catalyst watch on U.S. Bancorp USB and opened negative catalyst watches on Fifth Third FITB and Northern Trust NTRS.
... JPMorgan Chase JPM was downgraded to neutral from buy at Citi ahead of second-quarter earnings for the banking sector. Citi analysts led by Keith Horowitz said JPMorgan’s premium valuation has returned, moving it to the sidelines. It said its top picks are Comerica CMA , KeyCorp KEY , Wells Fargo WFC and Bank of New York Mellon BK , as it maintained a negative catalyst watch on U.S. Bancorp USB and opened negative catalyst watches on Fifth Third FITB and Northern Trust NTRS .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan Chase stock dips after it gets downgraded to neutral at CitiJPMorgan 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...
Read more »
Stocks making the biggest premarket moves: JetBlue, Zillow, JPMorgan Chase, 3M and moreThese are the stocks posting the largest moves in the premarket.
Read more »
Buy 'best-in-class' JPMorgan Chase thanks to strong earnings potential, Jefferies saysJefferies upgraded the banking giant Tuesday to buy from hold. It also raised its price target to $165 per share from $149.
Read more »
Rolling Stones' Keith Richards' past love life plagued by heroin, fame: authorAuthor Elizabeth Winder has written a new book titled 'Parachute Women: Marianne Faithfull, Marsha Hunt, Bianca Jagger, Anita Pallenberg, and the Women Behind the Rolling Stones.'
Read more »
Skydance Secures New $1B Credit Facility With JPMorganThe new credit line replaces a $500 million revolving credit line set up in 2021.
Read more »
JPMorgan plans to lay off 63 employees in Jersey CityJPMorgan Chase plans to lay off 63 employees in Jersey City, according to a Worker Adjustment and Retraining Notification (WARN) issued on Tuesday.
Read more »