: JPMorgan and Morgan Stanley shares slide after earnings fall short of estimates


JPMorgan Chase & Co. shares fell Thursday after the bank missed profit targets and temporarily suspended its stock buybacks to build up its balance sheet for an expected economic downturn, even as much of its business remains healthy.

Morgan Stanley MS also failed to match analyst earnings estimates as the banks navigated a much rougher economic and financial market environment than a year ago, when the stock market remained in rally mode and deals flowed quickly.


This article was originally published by Marketwatch.com. Read the original article here.

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