Reported 7 days ago
JPMorgan Chase, a strong performer in the banking sector amid rising interest rates, saw its shares dip by 2.5% after Morgan Stanley analyst Betsy Graseck downgraded its rating from overweight to equal-weight. Graseck cites reduced expectations for positive surprises in the stock and sees more upside potential in mid-cap banks benefiting from rate cuts. While JPMorgan remains a strong investment, its growth potential is seen as more limited compared to other banks.
Source: YAHOO