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Stock impact report

JPMorgan Analysts Say Cautious Call on European Banks Was Wrong [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
(Bloomberg) -- JPMorgan Chase & Co analysts said they were wrong to be cautious on European bank stocks, one of the region's top performing sectors this year. Most Read from Bloomberg Beyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROI Iran's Attack on Israel Sparks Race to Avert a Full-Blown War Apple Faces Worst iPhone Slump Since Covid as Rivals Rise Israel Versus Iran — What All-Out War Could Look Like Tesla Executive Baglino Leaves as Musk Loses Another Top Deputy Favorable economic and interest rate trends have helped drive a 16% price-to-earnings improvement across the sector, a team led by Kian Abouhossein wrote in a note Tuesday. That counters their previous stance that negative consensus earnings per share revisions would weigh on lenders, the analysts said. “We have been cautious on European banks which has not been the right decision,” Abouhossein wrote, adding that they had removed that view to focus on bottom-up stock selectio Show less Read more
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