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JPMorgan Picks Tariff Stocks and Trims S&P's 2020 Estimate

  • ‘Tariffs remain the largest source of risk for equities’: JPM
  • Earnings forecast for companies next year cut to $177/share
Updated on

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JPMorgan Chase & Co. has cut its 2020 earnings estimates for U.S. stocks based on the projected impact of incoming tariffs and pinpointed companies that could be particularly affected by the levies.