Despite a bullish tone from Wall Street investors, JPMorgan (JPM) strategists predict an 8% decline for the S&P 500 (^GSPC) index in 2024, closing with a year-end target of 4,200. The Wall Street institution forecasts disinflationary headwinds, softened consumer trends, and declining earnings to weigh on stocks in the year ahead. Yahoo Finance's Madison Mills examines JPMorgan's gloomy stock market prediction, providing insights into why it sees slowing growth affecting market and business performances, contrary to positive S&P forecasts from other strategists. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
JPMorgan's (JPM) digital retail bank, Chase, in the U.K. is expected to break even in the next 12-18 months, at least two years ahead of the previous timeline.
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