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Dick Bove Downgrades JPMorgan Chase on 'Government Vendetta'

KBW analyst Chris Mutascio said he believes the likelihood of a break-up is very low. In a report last Friday, the analyst estimated that the individual business lines are valued at a 30% discount to similar companies.

The discount, according to Mutascio, is large even after factoring in heavy litigation expenses. Plus, he believes legal expenses will decline over a two-year time frame.

-- Written by Shanthi Bharatwaj in New York.

>Contact by Email.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
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