tiprankstipranks
JPMorgan upgraded to Overweight from Underweight at Morgan Stanley
The Fly

JPMorgan upgraded to Overweight from Underweight at Morgan Stanley

Morgan Stanley analyst Betsy Graseck upgraded JPMorgan to Overweight from Underweight with a price target of $153, up from $126. The bank’s operating leverage is inflecting positively in 2023, driven by revenues up 10% year-over-year and expenses up 9%, Graseck tells investors in a research note. The analyst thinks the risks around JPMorgan’s operating leverage "skew to the upside" and says progress is being made on capital.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on JPM:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles