JPMorgan Chase A Strong Buy: Raymond James

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HFA Staff
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Raymond James analysts Anthony Polini, Daniel Marchon and Nicole Gulino look at what 3Q13 could hold for JPMorgan Chase & Co (NYSE:JPM) and reiterate their strong Buy rating on the bank in view of its attractive valuation and growth outlook. JPMorgan earnings JPMorgan Chase & Co (NYSE:JPM) will report Q3 earnings on October 11 at 7:00 a.m. Raymond James expects 3Q13 EPS at $1.29. Against this, market consensus is in the range of $0.70 – $1.57 with a mean expectation of $1.27. Key positives Improved credit quality could result in a decline in net charge offs (NCOs) and Non Performing Assets (NPAs)…

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