JPMorgan (JPM) should see a slight boost to earnings, says UBS' Brennan Hawken, as it redeems...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan (JPM) should see a slight boost to earnings, says UBS' Brennan Hawken, as it redeems $9B in high-cost trust preferred capital securities. New Fed rules exclude the use of this paper as Tier 1 capital. (PR). Other banks are also redeeming.