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Better than expected earnings may not be helping JPMorgan (JPM) shares, but as one of the...

Better than expected earnings may not be helping JPMorgan (JPM) shares, but as one of the largest U.S. credit card issuers, Citi analysts think its positive trends bode well for issuers. JPM's Y/Y growth rate of card spending is moving up and Q2 charge-offs are expected to improve, apparently "a sold read through" for V +1.5%, MA +1.7% and AXP -0.9%.
Comments (1)
  • jw4golf
    , contributor
    Comments (340) | Send Message
     
    one bank recommending another is like the BLS reporting unadjusted unemployment numbers based on estimated surveys.
    13 Apr 2012, 03:56 PM Reply Like
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