Research Update: J.P. Morgan Chase & Co. Outlook Revised To Positive From Stable May 06
- ID: 2041609
- May 2006
- Standard & Poors
On May 3, 2006, Standard & Poor's Ratings Services revised the outlook on its 'A+/A-1' ratings on J.P. Morgan Chase & Co. (JPM) and its 'AA-/A-1+' ratings on JPM's operating unit JPMorganChase Bank N.A. to positive from stable JPM has the potential to perform better than it currently is, with a portfolio of businesses that enjoy leading positions in the industry. The rating has been held down by the volatility of the performance of the investment bank and the weak profitability of its consumer businesses; however, the performance issues are being addressed. The card business is demonstrating some growth, and the investments in the retail branch system should bear fruit over the next year or so. The most recent quarter...
Companies mentioned in this report are:
- JPMorgan Chase & Co.
Action: Outlook: Positive
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Product Type: Research Update
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