Baird downgraded JPMorgan Chase (NYSE:JPM) to Underperform as analyst David A. George sees limited upside potential at the stock's current valuation, even though he agrees that the bank is "best-in-class.

Baird’s David A. George downgrades megabank to underperform because it’s “more than fully priced” at recent levels.

David George, an analyst at Baird, says that given recent gains in the stock price, the balance between risks and potential rewards is “unattractive.”

It is time for investors to "sell [their] JPMorgan Chase (NYSE:JPM)" shares, analysts at Baird have argued in a note downgrading their rating of the investment banking giant. In October, the largest US lender by assets posted