JP Morgan abandons its pessimistic forecast for the S&P 500, expecting an 8% increase in 2025
After maintaining a bearish outlook on the S&P 500 index for two consecutive years, JP Morgan now predicts that this U.S. benchmark stock index will rise over the next year. According to a report sent to clients by Dubravko Lakos-Bujas on Wednesday, the bank's target for the S&P 500 index in 2025 is 6,500 points, which is 55% higher than the previous two-year forecast of 4,200 points, indicating an approximate 8% increase from Tuesday's closing level of 6,021.63 points
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments