Reported 7 days ago
Betsy Graseck, an analyst at Morgan Stanley, has downgraded JPMorgan Chase from Overweight to Equal Weight, highlighting that the bank faces significant challenges in the current economic climate. Graseck notes that JPMorgan is poorly positioned for potential interest rate cuts by the Federal Reserve and has limited upside compared to its competitors, with expectations of minimal growth in its net interest margin in the near future.
Source: YAHOO