Market Overview

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

Share:
Related JPM
JP Morgan Makes A Case To Buy The Dip
Fast Money Picks For August 26
Deutsche Bank, UBS, RBS Pension Business Face Threat? (Zacks)

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
Aug 2015CLSAUpgradesOutperformBuy
Aug 2015Keefe Bruyette & WoodsUpgradesMarket PerformOutperform
Jul 2015JefferiesMaintainsBuy

View More Analyst Ratings for JPM
View the Latest Analyst Ratings

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

 

Related Articles (JPM)

View Comments and Join the Discussion!

Get Benzinga's Newsletters