J.P. Morgan Maintains Overweight on Prudential Financial

J.P. Morgan is out with its report today on Prudential Financial PRU, maintaining Overweight. In a note to clients, J.P. Morgan writes, "PRU remains our top pick, and we reiterate our Overweight rating. The stock is currently trading at 1.0x BV ex. AOCI and 7.7x our 2012 EPS estimate, roughly in line with the group multiple. We believe that PRU merits a premium valuation given its superior ROE potential, above-average EPS growth, and strong momentum in sales/flows." At the time of posting, shares of PRU were trading pre-market at $60.09, up 0.89% from Tuesday's close.