JPMorgan Is Bullish on U.S. Earnings Growth Driving Equity Gains
- Strategists expect tax benefits, deal activity to aid stocks
- Focus on fundamentals could calm elevated realized volatility
What to Watch for in U.S. Earnings Season
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JPMorgan Chase & Co. is bullish on U.S. corporate profits.
The firm expects earnings to exceed consensus estimates by 4 percent to 5 percent this season, even after those forecasts were raised 6 percent following the passage of tax cuts. The firm has already said it sees upside for U.S. stocks in this reporting period due to factors such as the tax overhaul, a pickup in deal activity and support from buybacks.