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Morgan Stanley (MS) analyst Betsy Graseck has downgraded JPMorgan Chase (JPM) to Equal Weight from Overweight, citing several challenges facing the banking giant. Graseck believes JPMorgan is among the worst-positioned banks to handle potential interest rate cuts by the Federal Reserve, sees restricted upside for JPMorgan Chase compared to its peers, and forecasts minimal expansion in JPMorgan's net interest margin over the short term.
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This post was written by Angel Smith