JPMorgan Private Bank’s Bull Case Has S&P 500 Up 20% by 2027

The 4% rally in US stocks over the past four days has quieted bears warning a full blown correction was in the offing — and now equity bulls are strutting again.

JPMorgan Chase & Co.’s private bank says the S&P 500 Index is poised to continue its multiyear streak of robust returns in 2026. It’s up 16% so far this year after gains of at least 23% in the prior two. It rose 0.9% to 6,828 as of 11:41 a.m. in New York.