JPMorgan Chase’s solid second-quarter earnings beat may signal improved health for beaten-down financials and send stocks further into record territory in the near term.
“This is extremely bullish. This is the one sector we needed to support the market,” said Marc Chaikin, CEO of Chaikin Analytics. With the bank’s earnings report, he expects the S&P 500 to rise as high as 2,200 or 2,250.
