Monday, February 14, 2011

JPMorgan (NYSE:JPM) Gets Positive Comments from Credit Suisse (NYSE:CS)

Heading into their Investor Day on Tuesday, JPMorgan (NYSE:JPM) received positive comments from Credit Suisse (NYSE:CS), which see the giant bank giving a thorough review of its overall strategy and outlook.

After the call, investors and analysts should have a good understanding of JPMorgan's strategies concerning their retail banking, card and investment banking units.

They also look forward to seeing expected comments on how regulations will affect the overall banking sector and JPMorgan in particular.

Credit Suisse said they also expect JPM to comment on capital standards and changes they see coming there.

JPMorgan could be one of the first banks to boost its dividend in the second quarter, added CS, which sees JPM strongly positioned to benefit from reserve drawdown in 2011.

JPMorgan was trading at $46.66, gaining $0.09, or 0.19 percent, as of 2:23 PM EST.

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