JPMorgan Raises 2011 S&P 500 Estimate to 1,475 Citing Earnings

JPMorgan Chase & Co. (JPM) raised its 2011 year-end estimate for the Standard & Poor’s 500 Index to 1,475 from 1,425 citing first-quarter earnings growth.

Thomas J. Lee, JPMorgan’s chief equity strategist, also boosted his 2012 earnings-per-share estimate for the U.S. equity benchmark gauge to $105 from $102.

To contact the editor responsible for this story: Stephen Kleege at skleege@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.