JPMorgan Makes a Bold Call for Europe Stocks to Beat the US
The bank sees US stocks falling for rest of year while Europe gains
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The underperformance of US stocks relative to Europe has been a persistent theme in 2025, even as investor sentiment towards American equities has veered from wildly optimistic to end-of-the world gloomy to mildly bullish.
Even so, this will come as a bit of a shock to some: Targets set by JPMorgan imply that European stocks could outperform the US by a record 25 percentage points this year. That’s the key finding in our latest survey of investment bank strategists about the outlook for European equities.