Merrill: Ratings worries pressuring JPM By Nicole Maestri
Shares of J.P. Morgan Chase (JPM: news, chart, profile) are down $1.17, or 3.7 percent, at $30.34. Merrill Lynch analyst Judah Kraushaar said worries over a"potentially imminent" downgrade by the rating agencies is pressuring the stock. But Kraushaar, who met with Moody's and S&P, said he doesn't think either ratings agency will take action soon."S&P indicated it would take a major sea change in the level of problems in earnings capacity for the AA [rating] at the bank to come into question," he wrote. Kraushaar also said ratings agencies typically give early warning if a change is coming. While Moody's has J.P. Morgan at a stable rating, he said Moody's would most likely lower its outlook to negative before issuing a downgrade. Kraushaar reiterated his"strong buy" rating on the stock.

Kraushaar, einen Namen, den man sich fuer die naechsten Sammelklagen merken sollte!


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