FBR, Stifel Nicolaus Downgrade JPMorgan (JPM) Following 'London Whale' Losses

Following Wednesday afternoon's surprise conference call to announce some mark-to-market losses and the resulting 8 percent decline in the stock, analysts at FBR and Stifel Nicolaus have downgraded shares of JPMorgan (NYSE: JPM) Friday morning.

FBR now rates the stock a Market Perform, down from Outperform previously, while Stifel lowered its investment rating from Buy to Hold. FBR reduced its price target on JPMorgan shares from $50 to $37.

Visit our Analyst Ratings page to track all the market-moving analyst action on shares of JPMorgan.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Citi Upgrades Sirius XM Radio (SIRI) to Neutral, 'risk-reward is balanced at prevailing levels'
• HSBC Downgrades Anglo American Platinum Limited (AMS:SJ) (ANGPY) to Reduce
• Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'