J.P. Morgan Maintains Neutral on MB Financial

J.P. Morgan is out with its report today on MB Financial MBFI, maintaining Neutral. In a note to clients, J.P. Morgan writes, "On the most recent earnings call, CEO Mitch Feiger expressed apprehension to book new loans given the competitive environment. Although this cautious attitude may lessen the need for a bulk sale of loans in the middle of the next crisis, an overall lack of loan growth is also unlikely to excite the market over MBFI shares over the near term. No change to Neutral." Shares of MBFI closed Thursday at $18.86, down 1.98% from Wednesday's close.
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