Citigroup second-quarter trading revenue trends tracking competitors: CEO

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JPMorgan (JPM) PT Lowered to $84 at Instinet; 'Double-Digit YoY Trading Declines'

June 2, 2017 7:43 AM EDT

Instinet lowered its price target on JPMorgan (NYSE: JPM) to $84.00 (from $87.00) while maintaining a Neutral rating, following recent investor conference commentary and update to model.

Analyst Steven Chubak notes softness in investment banking deals and trading activity, as the industry group appears to be... More