Nomura Securities maintains a 'Buy' on JPMorgan (JPM); Highlights From Meeting with Jes Staley, CEO of JPM’s Investment Bank

Nomura Securities maintains a 'Buy' on JPMorgan (NYSE: JPM) price target of $41.00.

Nomura analyst, Glenn Schorr, said, "While JPM (and we) think the atmosphere in Europe could remain in a state of anxiety for long enough to get the changes needed in the EU, it will likely continue to disrupt financial markets for the foreseeable future. As we head into 4Q, we think JPM is in pretty good shape on the revenue front and actually has some comp flexibility, with YTD comp expense up for JPM’s IB so far vs. last year. The Volcker Rule is far from done, but we think that regulators will be reasonable in its application to ensure liquidity in the markets."

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 $33.23 yesterday.

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