Re: Zeitbomben

verfasst von Hirscherl, 26.09.2002, 18:38

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Reuters Market News

RESEARCH ALERT-Lehman cuts J.P. Morgan price, EPS views
Thursday September 26, 7:37 am ET

NEW YORK, Sept 26 (Reuters) - Lehman Brothers lowered its earnings estimates and cut its price target for J.P. Morgan Chase & Co. (NYSE:JPM - News), saying its original cuts, which were made after the company's warning last week were not drastic enough.

Lehman Brothers analyst Brock Vandervliet lowered his 12-month price target to $20 from $23, but maintained his"equal weight" rating on the stock.

He also lowered his third-quarter earnings estimate to 9 cents per share from an earlier estimate of 38 cents per share. For fiscal 2002, he cut his earnings estimate to $1.69 per share from $2.09 per share, and for fiscal 2003 he cut his estimate to $2.65 per share from $3.15.

Vandervliet cited lower than expected trading results, a higher than expected loan loss provision, and an absence of heavy investment securities gains for the cuts.

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gesamter Thread:

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  • Re: Zeitbomben - Hirscherl, 26.09.2002, 18:38
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