JP Morgan Comments on Growth at Omnicom Group

J.P. Morgan has published a report on Omnicom Group OMC reviewing Q2 results. In the report, J.P. Morgan wrote, "Omnicom reported strong Q2 results this morning, delivering $0.96 EPS and beating our above consensus estimate of $0.93 and coming in well ahead of consensus at $0.91. Organic revenues came in much better than expected up 7.2% (we were expecting +6.2%). Despite more difficult comparisons, Q2 revenue accelerated from the previous quarter where organic revenues were up 5.2% or 6.8% ex Chrysler." J.P. Morgan rated Omnicom Group at Overweight. Omnicom Group closed Monday at $47.49.