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JP Morgan Chase & Co.’s (JPM) Card Segment Well-Positioned To Market Win Share
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Posted on 02/08/10 at 5:08pm by Ed Liston
Credit Suisse (ADR) (NYSE: CS) has released an update on JP Morgan Chase & Co. (NYSE: JPM). Credit Suisse recently met Gordon Smith, CEO of the Cards Services division at JP Morgan.
According to Credit Suisse, despite the challenging operating environment in the last two years, the management at JP Morgan’s Card Services division executed a focused strategy, which has allowed it to be in a position to win market share.
Credit Suisse has maintained an Outperform rating for JP Morgan Chase & Co., and recommends the company’s shares due to a strong and senior leadership team, high capital level, and competitive positioning. Credit Suisse has set a price target of $54 for the company.
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