Betsy Graseck, a bank analyst at Morgan Stanley, says JPMorgan Chase is delivering "double-digit return on equity." Graseck talks with Bloomberg's Tom Keene and Sara Eisen on Bloomberg Radio's "Bloomberg Surveillance."
Investors had declared the stock of AllianceBernstein Holding LP a loser. From Jan. 1, 2010, to Aug. 23, 2012, it had declined 43 percent compared with a 33 percent gain for the Standard & Poor’s 500 Index. Nevertheless, on that day, Credit Suisse Group AG analyst Craig Siegenthaler lifted his rating on the New York-based money manager’s shares to a buy.
Citigroup Inc. , the third-largest U.S. bank, may distribute as much as $64 billion to shareholders through dividends and buying back shares through 2014, according to Betsy Graseck , a Morgan Stanley analyst.
American Express Co., the biggest credit-card issuer by purchases, climbed as much as 2.3 percent as analysts recommended buying the stock after the firm forecast a jump in small businesses that accept its products.
Bank of America Corp. fell the most since November 2012 after suspending plans for a dividend increase and $4 billion of share repurchases because of an error in its stress-test submission to the Federal Reserve.