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J.P. Morgan downgraded on concerns revenue could miss high expectations
J.P. Morgan Chase & Co. JPM, +0.34% was downgraded to hold from buy by analyst Ken Usdin at Jefferies, who said revenue could miss high expectations following "excellent" results last year. the stock edged up 0.1% in morning trade. Usdin said net interest income could fall shy of forecasts, given potential for fewer interest rate increases by the Federal Reserve this year. He said fees could miss expectations, given lower trading and investment banking, asset management and mortgage fees.
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https://www.marketwatch.com/story/jp-mor...2019-01-08
J.P. Morgan Chase & Co. JPM, +0.34% was downgraded to hold from buy by analyst Ken Usdin at Jefferies, who said revenue could miss high expectations following "excellent" results last year. the stock edged up 0.1% in morning trade. Usdin said net interest income could fall shy of forecasts, given potential for fewer interest rate increases by the Federal Reserve this year. He said fees could miss expectations, given lower trading and investment banking, asset management and mortgage fees.
...
https://www.marketwatch.com/story/jp-mor...2019-01-08
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