• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: J.P. Morgan Chase & Co. Oct 03 Product Image

Research Update: J.P. Morgan Chase & Co. Oct 03

  • ID: 2042111
  • October 2003
  • Standard & Poors

FEATURED COMPANIES

  • JPMorgan Chase & Co.
  • JPMorgan Chase Bank N.A.
  • MORE

Abstract
On Oct. 22, 2003, Standard & Poor's Ratings Services revised its outlook on J.P. Morgan Chase & Co (NYSE:JPM) and its units to stable from negative. All ratings, including JPM's 'A+/A-1' and JPMorganChase Bank's 'AA-/A-1+' counterparty credit ratings, were affirmed. The outlook revision recognizes JPM's improving loan quality trends and its continued ability to generate revenue in line with its competitors in investment banking. All indicators for loan quality have been positive in 2003, as the telecommunications sector problems have been moving through the pipeline and tailing off. Criticized assets are also diminishing, indicating that the pipeline of new problem loans is drying up. Ongoing losses in the private equity portfolio, a related issue to the troubled loan sectors, are...

Companies mentioned in this report are:
- JPMorgan Chase & Co.
- JPMorgan Chase Bank N.A.

Action: Outlook Revised

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users READ MORE >

- JPMorgan Chase & Co.
- JPMorgan Chase Bank N.A.

Note: Product cover images may vary from those shown

RELATED PRODUCTS