J.P. Morgan Maintains Neutral Rating on MB Financial

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.