JP Morgan On MMC 1Q EPS

JP Morgan has issued a report on the 1Q EPS from MArsh & McLennan MMC. According to the report, "Marsh & McLennan (MMC: N) reported 1Q adjusted EPS of $0.56 versus our $0.58 estimate and consensus of $0.56. A lower tax rate helped EPS by approximately $0.02, which partially offset a higher share count ($0.01) and lower operating margins (although this may, in part, reflect FX)." MMC has a Neutral Rating and closed yesterday at $30.77 a share.