J.P. Morgan Maintains Neutral Rating On Genworth Financial (GNW)

According to J.P. Morgan, although earnings for Genworth Financial GNW were below J.P. Morgan's estimate, the overall business trends were better than expected leaving a neutral rating on GNW. In the report, J.P. Morgan said, "Our fundamental outlook remains negative, and we could get more cautious on the stock if housing trends remain poor or GNW's valuation discount to the group narrows." GNW closed yesterday at $12.18.