JPMorgan Is a Can't Miss Investment
This is the bank stock to buy.

Credit Suisse raised JPMorgan's (JPM) price target to $127 from $125 Monday based on the firm's view that the current environment for trading will benefit the bank's trading desk's profitability. 

Higher interest rates and somewhat lower credit costs forced Credit Suisse to raise its 2019 earnings estimate to $9.70 from $9.65 while leaving its 2018 full-year earnings estimates unchanged at $8.80 because the benefits are already baked into those estimates. 

The firm recommends that investors continue to purchase the stock because JPMorgan is most representative of the value that will be unlocked under current market conditions. 

"Look to JPMorgan for best-in-class execution-sustainable organic revenue growth and market share gains (leveraging the benefits of its complete, scaled and well-integrated product set), a willingness to drive down unit operating costs (capacity for investment to drive incremental growth, and an ability to optimize capital" analyst Susan Roth Katzke wrote. "This should sustain above-average earnings growth and returns on equity."

JPMorgan is a key holding of Jim Cramer's Action Alerts PLUS charitable trust

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