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SGE Upgrades JPM from Hold to Buy

 

The French bank Societe Generale (XETRA:SGE) upgraded JPMorgan Chase & Co. (NYSE:JPM) to Buy from Hold on the basis of JPMorgan’s willingness to settle legacy mortgage issues with the government instead of fighting it out in the courts. JPMorgan’s proactive approach is gaining a lot of support from the investment community. Dealing with their legacy issues will create more certainty and get the government off their backs temporarily. 

(Image source: foxbusiness.com)