Market Overview

Nomura Initiates Coverage on JPMorgan

Share:
Related JPM
Big Bank Earnings Recap
The Papal Approach To Investing: A New Catholic Values ETF
Things That Go Bump In The Night: IEX, Bitcoin, And The Smart Money (Seeking Alpha)

In a report published Thursday, Nomura analyst Steven Chubak initiated coverage on JPMorgan Chase (NYSE: JPM) at Neutral, with a $61.00 price target.

According to the report, JPM's earnings profile/mix are favorable, but the current capital shortfall should dampen near-term return prospects.

“Pressures in FICC and Mortgage Banking should also limit revenue growth, with few opportunities on the cost side given already best-in-class efficiency ratios,” the report noted.

Some highlights from the report included:

-Our forecasts indicate mid-cycle ROE potential of ~14%, supporting modest potential upside to shares. -FY13E EPS at $4.31. -FY14E EPS at $5.38.

JPM closed Wednesday at $58.68.

Latest Ratings for JPM

DateFirmActionFromTo
Apr 2016Ertse GroupDowngradesBuyHold
Apr 2016Goldman SachsMaintainsNeutral
Apr 2016BMO CapitalMaintainsOutperform

View More Analyst Ratings for JPM
View the Latest Analyst Ratings

Posted-In: Nomura Steven ChubakAnalyst Color Initiation Analyst Ratings

 

Related Articles (JPM)

View Comments and Join the Discussion!