CFRA: Capital markets business brings further growth, Morgan JPMorgan Chase (JPM.US) rating upgraded to "buy"

According to the Zhitong Finance APP, CFRA analyst Kenneth Leon has upgraded Morgan J.P. (JPM.US) stock rating from "hold" to "buy" on Tuesday. The reason is that the bank is expected to "accelerate growth and improve profitability" with its positioning in the capital market business. Leon wrote in a report that this includes trading, stocks and bond underwriting, as well as M&A advisory fees and fee growth from asset and wealth management.