Gate News message, April 22 — JPMorgan Chase’s strategy team, led by Dubravko Lakos-Bujas, has raised its year-end forecast for the S&P 500 (U.S. benchmark equity index) to 7,600 from a prior target of 7,200, according to Bloomberg. The upward revision reflects renewed investor enthusiasm in the artificial intelligence (AI) sector and de-escalating geopolitical risks in the Middle East, as tensions between the United States and Iran show signs of cooling.
The bank now forecasts 2026 S&P 500 earnings per share (EPS) at $330, up from $315, while the 2027 estimate climbed to $385 from $355. The forward multiple (price-to-projected-earnings ratio) remains unchanged at 22x. However, if geopolitical tensions resolve quickly, Lakos-Bujas suggests the multiple could expand to 23x, potentially lifting the 2026 S&P 500 projection to around 8,000.
The AI investment theme gained momentum after Anthropic previewed its latest AI model, Mythos, on April 7. Since then, 66% of S&P 500 AI-related equities have outperformed. Despite the bullish outlook, the strategy team warns that markets may enter “a short-term consolidation phase before resuming its upward trajectory,” citing risks including elevated oil prices and lingering geopolitical tensions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tesla Q1 Revenue Reaches $22.4B, Beats EPS Estimates Despite Missing Top-Line Guidance
Gate News message, April 22 — Tesla reported first-quarter 2026 revenue of $22.39 billion, representing 16% year-over-year growth but falling slightly short of Wall Street's $22.64 billion consensus estimate. However, the company exceeded earnings expectations, posting adjusted earnings per share of
GateNews20m ago
IBM Stock Falls 8% in After-Hours Trading
Gate News message, April 22 — IBM shares declined 8% during after-hours trading on Tuesday.
GateNews1h ago
Tokenized T-Bills Reach $14B Record on-Chain, Driven by Multi-Chain Expansion
Tokenized U.S. Treasuries reach $14B TVL across blockchains by April 2026, driven by expanding wallet inflows; Ethereum remains the main hub, led by Franklin Templeton’s Benji and other growing T-bill tokens.
Abstract: Tokenized U.S. Treasuries total value locked rose to a record $14 billion across multiple blockchains as of April 2026, led by active wallet inflows and sustained institutional interest despite DeFi headwinds. Ethereum remains the dominant platform, with Franklin Templeton’s Benji fund driving notable growth, and several other tokenized T-bill products expanding on Ethereum and Sei. About 33.9k wallets hold these assets, mainly used as collateral in DeFi protocols. At current yields around 3.68%, issuers could earn roughly $515 million annually, signaling continued appetite for conservative DeFi instruments.
GateNews2h ago
S&P 500 and Nasdaq Close at Record Highs as Tech Stocks Rally
U.S. stocks closed higher, with the S&P 500 and Nasdaq at new closing highs; Apple, Amazon, and Google rose over 2%, and TSMC jumped 5%, while the Nasdaq China Golden Dragon index fell and iQIYI dropped.
Abstract: On April 21, U.S. major indices rose, led by technology shares. The Dow gained 0.69%, the S&P 500 1.05%, and the Nasdaq 1.64%, as Apple, Amazon, and Google advanced over 2% and TSMC climbed 5%. The Nasdaq China Golden Dragon index declined, with iQIYI down more than 5%.
GateNews2h ago
TradFi Rise Alert: FCEL (FuelCell Energy Inc) Rises Over 24%
Gate News: According to the latest Gate TradFi data, FCEL (FuelCell Energy Inc) has surged by 24% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews2h ago
ADA Price Outlook as Cardano Lands LSE Tokenized Deal
Key Insights
Cardano tokenized a Hannover Re reinsurance product and listed it on the London Stock Exchange, expanding blockchain use in regulated institutional markets.
ADA price holds within a descending wedge as support at $0.2400 remains intact while resistance near $0.2550 and $0.2824 l
CryptoNewsLand2h ago
