JPMorgan (JPM) PT Raised to $102 at Credit Suisse

Credit Suisse analyst Susan Roth Katzk raised her price target on JPMorgan (NYSE: JPM) to $102.00 (from $99.00) while maintaining a Outperform rating following the increased buyback and dividend following CCAR.

The firm is we're raising 2018 estimate to $7.65 from $7.60 per share and 2019 estimate increases to $8.40 from $8.35 per share, after factoring in gross share repurchase authorization in the 2017 CCAR cycle fully 15% above their forecast and carrying through a higher rate of capital return into the 2018 CCAR cycle.

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