JPMorgan Chase: Credit Suisse ups target price

(CercleFinance.com) - Credit Suisse has nudged up its target price for the JPMorgan Chase & Co.
stock from 125 dollars to 127 dollars after increasing its 2019 estimates for the US bank.

The broker continues to recommend investors buy the stock, and maintains its "outperform" rating on the share.

"JPMorgan is most representative of the value inherent in the universal banking model," Credit Suisse says.

The group has best-in-class execution, gains market share and is able to optimize capital, which should sustain above-average earnings growth and returns on equity, it said.

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