Watch These JPMorgan Price Levels After Stock Posts Biggest Drop Since 2020
JP MORGAN CHASE(JPM) Investopedia·2024-09-11 03:30
Key TakeawaysJPMorgan shares dropped more than 5% on Tuesday after the bank’s president said Wall Street’s expectations for net interest income and expenses in 2025 were overly optimistic amid impending interest rate cuts and lingering inflation.Since the start of September selling has intensified in the stock, with Tuesday’s drop occurring on the highest trading volume since mid April, indicating active participation by larger market participants.Investors should monitor key lower price levels on JPMorgan' ...