Market Overview

Morgan Stanley Feels Confident in J.P. Morgan Chase Ahead of Company Investor Day

Related JPM
Goldman Q1 Earnings Beat Ests, Down Y/Y - Analyst Blog
Ginnie Mae To Big Banks: Show Us Your Mortgages. But Can They?
Yellen Preps for More Fed Wholesale Funding Rules (Fox Business)

In a report published Thursday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $68.00 price target on J.P. Morgan Chase (NYSE: JPM).

In the report, Morgan Stanley noted, “Expect JPM to show that it's taking share across its businesses, investing in growth initiatives and has opportunities to optimize the balance sheet and become more efficient. Stock is cheap at 8.5x 2015 P/E. We see 18% upside to our $68 price target.”

J.P. Morgan Chase closed on Wednesday at $57.52.

Posted-In: Betsy L. Graseck Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (JPM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free