JPMorgan Chase: U.S. Stocks Still Have Room to Rise

BlockBeats News, June 9th, according to Bloomberg, Jack Caffrey from J.P. Morgan Asset Management stated that despite some signals indicating that the U.S. stock market may have overextended, the market still has room to further rise supported by corporate earnings growth.

Caffrey believes that even after several years into an economic expansion phase, U.S. corporate profits are expected to grow by 22% or more in 2026. He noted that last year's corporate profit growth was in the mid-teens, and a similar growth level may also be sustained in 2027.