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JPMorgan initiates coverage on a trio of credit-card firms, with an Overweight rating for...

JPMorgan initiates coverage on a trio of credit-card firms, with an Overweight rating for American Express (AXP) and Neutral ratings for both Capital One Financial (COF) and Discovery Financial (DFS). All three are up premarket: AXP +1.5%, COF +1%, DFS +0.9%.
Comments (1)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    So...a "credit card company", JPM, is allowed to initiate coverage on other credit card companies?

     

    Ok, no conflict there...

     

    When is this sh** going to stop? Where's the SEC? Congress? This is beyond criminal.
    1 Dec 2010, 08:37 AM Reply Like
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