Bank Saint Petersburg Jumps 6th Day as JPMorgan Raises Stock

Bank Saint Petersburg rose for a sixth day, its longest winning streak in more than a month after the Russian lender was upgraded by JPMorgan Chase & Co. to “overweight” from “neutral.” The share price may climb 125 percent from current levels, JPMorgan said in an e-mailed note today.

The stock rose as much as 14 percent and closed up 7.7 percent at 94.10 rubles by 6:45 p.m. in Moscow.

To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.