$JPM "30%+ Fall Priced In Worst Case; Upgrade To Buy". More reserve build &amp; rev. falls to come, but mgmt "extremely adverse" case has TBV/Share still $56 at YE (-8%). Investor return +ve if ROTCE returns to 14%, P/E to 12x. ROTCE +ve in '08-09, 15% in '10. https://t.co/IssPuIoqjc