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Morgan Stanley Upgrades Wells Fargo As 'Opportunity Knocks'
Tuesday, September 20, 2016 - 8:59am | 316Morgan Stanley’s Betsy L. Graseck believes Wells Fargo & Co (NYSE: WFC) offers among the best values in its group and the S&P 1500. Although there could be some volatility ahead, given that headline risks persist, the stock has rarely been this inexpensive and presents a buying...
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BATS Should Be A Great Hedge For Choppy Markets, According To Morgan Stanley
Tuesday, May 10, 2016 - 9:59am | 290Morgan Stanley’s Betsy L. Graseck believes BATS Global Markets, Inc. (BATS: BATS) was “a great hedge for choppy markets,” since “exchanges outperform when volatility is high or rising, even if markets are falling.” Graseck maintains an Equal-Weight rating on the...
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Why JPMorgan Is 'Best House' In Banking Neighborhood
Wednesday, October 14, 2015 - 9:13am | 283JPMorgan Chase & Co. (NYSE: JPM) shares are down 10 percent since July 14, having plunged from above $68 to below $58 in August. Morgan Stanley’s Betsy L. Graseck maintained an Overweight rating on the company, while reducing the price target from $75 to $72. Graseck believes...
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Bank Of America 'On Sale' For Back-To-School Season
Thursday, September 3, 2015 - 9:06am | 264Bank of America Corp (NYSE: BAC) shares are down more than 12 percent year-to-date, despite having peaked at $18.45 on July 22. Morgan Stanley’s Betsy L. Graseck maintained an Overweight rating on the company, with a price target of $21. The company is poised for robust revenue...
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2 Wall Street Analysts On Bank Of America
Thursday, April 16, 2015 - 11:23am | 354Bank of America Corp (NYSE: BAC) reported Q1 results on Wednesday and two Wall Street firms commented on the stock following the results. The bank reported Q1 2015 EPS of $0.27 versus consensus of $0.29 with revenues of $21.4 billion, slightly below consensus of $21.6 billion. Estimize users...
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Morgan Stanley Sees Positive Surprise On Expense Management For JPMorgan Chase & Co.
Wednesday, February 25, 2015 - 10:26am | 129In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $71.00 price target on JPMorgan Chase & Co. (NYSE: JPM). In the report, Morgan Stanley noted, "We expected JPM to reduce their ROTCE targets from 15-16% to 14% given higher capital...
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UPDATE: Morgan Stanley Lowers Price Target On Regions Financial On Rate Call
Wednesday, January 21, 2015 - 10:14am | 85In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating on Regions Financial Corp (NYSE: RF), but lowered the price target from $12.50 to $11.50. In the report, Morgan Stanley noted, “Lowering Price Target to $11.50 on 12x 2016e earnings. EPS down 3...
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Morgan Stanley's Weighs In On Wells Fargo's Q4 Earnings
Thursday, January 15, 2015 - 3:33pm | 228Morgan Stanley commented on Wells Fargo & Co (NYSE: WFC) Thursday following the company’s Q4 earnings report. Analysts led by Betsy L. Graseck noted that “Wells disappointed with an expense ratio rising to 59 percent – the top of their range and a high in five quarters,...
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UPDATE: Morgan Stanley Reiterates On Ally Financial As Prime Net Losses See Seasonal Uptick
Tuesday, November 18, 2014 - 10:59am | 159In a report published Tuesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating on Ally Financial (NYSE: ALLY), but removed the $40.00 price target. In the report, Morgan Stanley noted, “Recovery rates are moderating as expected, driving slightly higher ANLs m/m.Lower...
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Morgan Stanley Sees JPMorgan Chase & Co. Picking Up Speed As Regulatory Fog Lifts
Monday, November 17, 2014 - 9:14am | 93In a report published Monday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $76.00 price target on JPMorgan Chase & Co. (NYSE: JPM). In the report, Morgan Stanley noted, “We met with JPM CFO Marianne Lake. Key takeaway was regulatory clarity is improving and while...
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Morgan Stanley Sees Limited Upside For State Street Corporation
Monday, October 27, 2014 - 8:16am | 114In a report published Monday, Morgan Stanley analyst Betsy L. Graseck reiterated an Underweight rating and $81.00 price target on State Street Corporation (NYSE: STT). In the report, Morgan Stanley noted, “We see 13% upside to current share price, but are Underweight as we see more attractive...
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UPDATE: Morgan Stanley Reiterates On Northern Trust Corporation On Pullback In Expectations
Friday, October 24, 2014 - 10:24am | 119In a report published Friday, Morgan Stanley analyst Betsy L. Graseck reiterated an Underweight rating on Northern Trust Corporation (NASDAQ: NTRS), but lowered the price target from $74.00 to $70.00. In the report, Morgan Stanley noted, “Although we see 11% upside to current share price, we are...
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Morgan Stanley Believes Coming Pref Issuance Offsets Strong Volumes For American Express
Thursday, October 16, 2014 - 9:28am | 94In a report published Thursday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $110.00 price target on American Express Company (NYSE: AXP). In the report, Morgan Stanley noted, “Spending growth was great, up 9.3% y/y, beating our above consensus estimate of 9.0%....
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Morgan Stanley Sees Good Market Position For JPMorgan Chase & Co.
Wednesday, October 15, 2014 - 10:01am | 97In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $76.00 price target on JPMorgan Chase & Co. (NYSE: JPM). In the report, Morgan Stanley noted, “We took EPS down 1% after an in-line qtr on lower rates and JPM's exit from physical...
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Morgan Stanley Reiterates On Ally Financial Inc Following August Prime Trust Data
Tuesday, September 16, 2014 - 9:30am | 165In a report published Tuesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating on Ally Financial Inc (NYSE: ALLY), but removed the $30.00 price target. In the report, Morgan Stanley noted, “August data for ALLY's prime auto trusts showed credit trends in-line with seasonal...