JPMorgan Slashed by CLSA's Mayo

NEW YORK (TheStreet) -- JPMorgan Chase(JPM) was cut to "Underperform" from "Outperform" by CLSA analyst Mike Mayo on Friday.

Mayo's report could not immediately be obtained, though according to data from Bloomberg, the analyst left his price target unchanged at $43.

Mayo is growing increasingly bearish on the big banks. He cut Bank of America(BAC) to "sell" from "underperform" on April 20.

-- Written by Dan Freed in New York.

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