JPMorgan Expects Q3 Earnings Growth to Broaden Beyond AI Across US and European Equities

JPMorgan strategists expect third-quarter corporate earnings to provide support for equity markets, citing indications that profit growth is expanding beyond artificial intelligence-related companies and across a wider range of sectors. A team led by Mislav Matejka said earnings expectations remain elevated at the index level but become more moderate when the contribution from individual companies is excluded.