JPMorgan Chase strategists predict that US firms will significantly outperform their European counterparts in earnings growth this reporting season. Lower expectations for the S&P 500 and a challenging outlook for cyclical and defensive shares in Europe are cited as key factors.
January 20, 2025 at 7:27AM EST -- Profit growth at US firms is likely to beat that of their European peers by a wide margin this earnings season, JPMorgan Chase & Co. strategists predict.
“This puts Europe more at risk, especially when comparing the pace of activity momentum,” Matejka wrote in a note. With Donald Trump set to be sworn in on Monday as the 47th US president, investors are struggling to predict what his America-first policies and proposals for sweeping global tariffs will mean for stocks in 2025.
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