JPMorgan Chase & Co. (NYSE:JPM) Lowered to Hold Rating by Zacks Research

Zacks Research has downgraded JPMorgan Chase & Co. (NYSE:JPM) from a "strong-buy" to a "hold" rating, despite the broader analyst consensus remaining a "Moderate Buy" with an average price target of $359.96. JPMorgan's shares opened at $354.10, and the bank recently exceeded quarterly expectations with $6.14 EPS and $58.02 billion in revenue. While the bank anticipates strong third-quarter investment banking and trading revenues, investors are wary of slowing earnings growth and macroeconomic ri