Buy JPMorgan ahead of investor day says Morgan Stanley
"[It's] the cheapest money center bank under our coverage at just 8.5x 2015 P/E," says analysts Betsy Graseck and Michael Cyprys, a curious valuation given the bank's higher ROE (9% now, expected at 11.3% in 2015) vs. peers. They expect JPMorgan's ( JPM
+0.6% ) day-long (Feb. 25) theme to be ...
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