According to J.P. Morgan, MB Financial MBFI Neutral rating is maintained.
J.P. Morgan said that MBFI reported 3Q11 results of $0.31. Adjusting for one-time income and expense
items, at first blush core EPS appear to be in the $0.35 range, which is a penny above consensus, but $0.02 below our $0.37 estimate. “Although credit quality again improved for MBFI, as the market increasingly turns its focus to growth, MBFI may be finding a new challenge at hand with PTPP income declining 7% q/q.”
MB Financial closed yesterday at $17.32.
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