Oppenheimer downgraded its rating on shares of JPMorgan Chase & Co. (JPM) Monday morning to "Perform" from "Outperform."
JPMorgan Chase gapped open lower Monday and slipped further in the first hour of trade. Shares took out the session lows late in the afternoon and finished with a loss of 1.75 at $67.20 on above average volume. The stock fell below a range at the highs of the year and set nearly a 3-week low.
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