Jefferies downgrades JPMorgan to hold as higher expenses could hold back stock

Published Mon, Feb 14 20226:05 AM EST

A person on a scooter rides past a JPMorgan Chase & Co. bank branch in New York, U.S., on Thursday, June 11, 2020.

Jeenah Moon | Bloomberg | Getty Images

The higher level of spending that caused JPMorgan's stock to slide after earnings last month will keep shares in neutral this year, according to Barclays.

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