JPMorgan Chase & Co. (JPM) management assures growth in ROE during 2017: "Merrill Lynch analyst changed his stance regarding JPM stock to a more positive one as he believes that his confidence has been renewed regarding overall ROE improvement following the discussion with Mr. Sommers. Furthermore, the analyst now assumes that JPM will see stability in revenue from card consumers, which lacks any concrete ground as it was not a part of the meeting agenda, but, given the insight to management’s attempt the revenue is more than likely to stabilize.
The company’s ROE has been 18% for the past three years in a row and Merrill Lynch now projects the ROE CCB to go to 20% in the next year. The analyst reaffirmed a Buy rating with a price target of $72.
The analyst opinion for JPM stock is 10 strong Buy, 16 Buy, four Hold and two Underperform. The stock is now traded at $61.29 in the first hour of trading session."
Analyst opinion JPM
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