JPMorgan Gets Downgrade as Doubts Mount About Banks' Growth
- Atlantic turns neutral on JPMorgan, prefers BofA for defense
- Nomura sees potential for regional bank EPS estimate cuts
Photographer: Scott Eells/Bloomberg
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A fresh crop of analysts are adding to questions about whether bank shares have fallen far enough.
Atlantic Equities’ John Heagerty cut his recommendation on JPMorgan Chase & Co. to neutral, saying the bank now “offers the least upside” to price targets among the majors, preferring Bank of America Corp. “from a defensive perspective.”