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Morgan Stanley Sees Expansion Benefits For J.P. Morgan Chase & Co.

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In a report published Tuesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $64.00 price target on J.P. Morgan Chase & Co. (NYSE: JPM).

In the report, Morgan Stanley noted, “Overweight JPM on expectations for improving efficiency, rising client wallet share and ultimately higher capital return – all driving upward EPS revisions along with rising ROEs. Lower legal costs, improved efficiency and market share gains drive EPS up 35% in 2015 vs 2013. Lower legal costs drive ~80% of this EPS boost with the remainder largely topline driven. Together, these should boost ROTCE from 11.9% in 2013 to 13.5% in 2015.”

J.P. Morgan Chase & Co. closed on Monday at $54.65.

Latest Ratings for JPM

DateFirmActionFromTo
May 2015MKM PartnersDowngradesBuyNeutral
Apr 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Apr 2015MacquarieMaintainsOutperform

View More Analyst Ratings for JPM
View the Latest Analyst Ratings

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

 

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