JP Morgan Chase (JPM) Poised To Improve

Deutsch Bank said this morning that JP Morgan Chase's (NYSE: JPM) performance is poised to improve. The firm says shares of JP Morgan have lagged of late - declining nearly 15.0% versus -5.0% for the KBW Bank Index since January 7 - likely due to rotation into regionals and regulatory concerns.

Deutsch Bank is positive on JP Morgan for the following reasons: 1) An attractive valuation; 2) JPM's upcoming analyst day on February 25 should reinforce several positive themes; and 3) More emphasis on JPM's strong capital/reserves and execution as macro uncertainties persist.

Furthermore, the firm believes recent regulatory proposals will be less onerous than expected, if they are even implemented at all. They add that JP Morgan is well-positioned for organic growth and continues to invest heavily in several areas: small business, credit card, commercial lending, capital markets, and treasury services. Deutsch Bank believes these factors will drive further market share gains.

Shares of JP Morgan are higher on the day by $0.45, or 1.17%, to $38.84.