In a report published Monday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $76.00 price target on JPMorgan Chase & Co. JPM.
In the report, Morgan Stanley noted, “We met with JPM CFO Marianne Lake. Key takeaway was regulatory clarity is improving and while JPM does need to optimize, there's nothing compelling mgmt to make major strategic changes. Expect JPM continues to use its balance sheet as long as it is accretive to ROE.”
JPMorgan Chase & Co. closed on Friday at $60.28.
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