JPMorgan (JPM) Management Meeting Inspires Confidence -Nomura Securities

Nomura analyst, Steven Chubak, recently hosted a meeting with Daniel Pinto, CEO of the Corporate & Investment Bank (CIB) at JPMorgan (NYSE: JPM). The conversation focused on the trading outlook, regulatory impact / higher G-SIB capital requirements, expense progress, and future growth opportunities. He left feeling confident in Pinto’s ability to deliver on ROE targets for both FICC and CIB overall, given: 1) Less aggressive assumptions for trading (i.e., competition, repricing benefit); 2) Reaffirmation of cost savings initiatives; and 3) Improved regulatory clarity.

No change to Neutral rating or price target of $66.00

For an analyst ratings summary and ratings history on JPMorgan click here. For more ratings news on JPMorgan click here.

Shares of JPMorgan closed at $61.97 yesterday.

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