UBS Securities bank analyst Charles W. Peabody downgraded J.P. Morgan & Co. on Monday to a "hold" from a "buy" rating, citing concerns about the global trading environment.

Shares of the bank dropped with the rest of the bank market, falling 75 cents to $79.325.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.