JPMorgan Chase shares were under pressure Tuesday despite a strong quarter , and Wall Street analysts largely framed the pullback as profit-taking rather than a fundamental shift in the outlook. The bank stock fell nearly 3% on Tuesday after the bank posted fourth-quarter results that topped expectations on better-than-expected revenue from the bank’s trading operations. The company said net profit fell 7% to $13.03 billion, or $4.63 per share, because of a preannounced $2.2 billion reserve tied to its takeover of the Apple Card loan portfolio from Goldman Sachs . Investors could be digesting the in-line guidance and lingering regulatory risks that overshadowed an otherwise solid report, analysts said. Bank of America reiterated its buy rating on JPMorgan following the results, adding that it would use any near-term weakness to add to positions. The firm noted, however, that uncertainty around potential credit-card interest-rate caps could keep some investors cautious. “We would use any potential weakness due to short term profit-taking to buy the stock,” Bank of America said. “Unclear to us whether management comments can alleviate the concerns tied to the credit card interest rate cap risk which may cause investors to remain in wait and watch mode.” President Donald Trump declared recently that American credit card companies would be subject to a 10% cap on the interest rate they can charge customers. Many belie …
