UPDATE: Morgan Stanley Reiterates On J.P. Morgan Chase On Multiple Positive Factors

In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating on J.P. Morgan Chase (NYSE: JPM), and raised the price target from $64.00 to $68.00.

In the report, Morgan Stanley noted, “Overweight JPM on expectations for improving efficiency, rising client wallet share and ultimately higher capital return – all driving upward EPS revisions along with rising ROEs. Lower legal costs, improved efficiency and market share gains should boost ROTCE from 11.9% in 2013 to 13.5% in 2015.”

J.P. Morgan Chase closed on Tuesday at $58.27.