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Stock impact report

JPMorgan strategists cut S&P 500 target on Iran war uncertainty [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Strategists led by Fabio Bassi slashed their year-end estimate to 7,200 points from 7,500, citing a supply shock stemming from the interruption of oil flows through the Strait of Hormuz that threatens to crimp corporate profits and economic growth. Most Read from Bloomberg Russian Oil Bound for China Is Diverted as India Grabs More China Pulls Silver From Global Markets to Meet Surging Demand DOJ, White House Clear Way for Pirro to Keep Powell Probe BTS, the Most Popular Boy Band Ever, Returns to a Changed Industry Iran Leaves an Isolated Trump Grappling With Historic Oil Crisis “Geopolitical concerns and higher energy prices for longer will drag global growth lower and inflation higher,” Bassi wrote in a note to clients published on Friday. “We recommend investors to stay invested with downside hedges in equities, and we hold to these hedges given the modest correction year-to-date.” SNP - Delayed Quote • USD S&P 500 (^GSPC) Follow View Quote Details At c Show less Read more
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