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JPMorgan, at Odds With Goldman, Sees Solid Run Ahead for Stocks
Analysis October 22, 2024 at 04:37 PM
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What You Need To Know
- The bank's analysts expect large-cap equities to return an annualized 6.7% over the next 10-15 years.
- Still, their estimate for S&P 500 performance trails the long-term average of an annualized 11% from 1957 to 2023.
- Part of the JPMorgan team's optimism is tied to the view that AI will pay off by delivering higher revenue growth and fatten profit margins.
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