Merrill Names "Undervalued" JP Morgan Chase Its Focus One Stock

Analyst Judah Kraushaar thinks the financial services giant will benefit especially quickly compared with other banks from lowered interest rates

Merrill Lynch named JP Morgan Chase (JPM ), the global financial service firm recently formed by the merger of JP Morgan & Co. and Chase Manhattan, as its Focus One Stock. The firm rates the shares near- and long-term buy.

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