JPMorgan Expects S&P 500 Earnings to Blow Past Gloomy Estimates

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Companies’ fundamentals have remained resilient, according to JPMorgan strategists, despite “macro and geopolitical headwinds, higher rates, ongoing supply shocks, stronger dollar and negative fiscal stimulus comps.” That’s been reflected in analysts’ earnings-per share forecasts, which have been marked up for the coming quarters despite the risk posed by rising interest rates and the war in Ukraine.