JPMorgan gives another endorsement on local banks’ prospects
US investment bank says current valuations are attractive relative to regional and emerging market peers
28 January 2021 - 19:06
Global banking giant JPMorgan has become the second US investment bank in as many weeks to express confidence in local banks’ ability to weather the storm and draw attention to the attractive value on offer as the industry recovers from the Covid-19 pandemic.
With echoes of research published last week by Bank of America, two reports recently authored by JPMorgan analysts lay out the individual merits of each of the big local banks, as well as how attractively priced they are in relation to peers. ..
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