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.

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