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JPMorgan downgraded to Equal Weight at Wells Fargo on expense guidance

Jan. 14, 2022 3:47 PM ETJPMorgan Chase & Co. (JPM) StockBKXBy: Liz Kiesche, SA News Editor34 Comments

FILE PHOTO: JP Morgan Chase Posts 36 Percent Increase In Q2 ProfitsBear Stearns

Chris Hondros/Getty Images News

  • JPMorgan Chase (NYSE:JPM) stock tanks 6.5%, its biggest single-day drop since June 2020, after the bank issued guidance for higher-than-expected expenses this year, leading Wells Fargo analyst Mike Mayo to downgrade JPMorgan to

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