Wall Street Strategists Split on Profit Path as Stocks Pull Back

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Equity strategists at Wall Street’s top banks are split on whether Corporate America can deliver on robust earnings forecasts for this year.

While Morgan Stanley’s Michael Wilson said he expects profit growth to improve over 2024 and 2025 as the economy strengthens, his counterpart at JPMorgan Chase & Co. argues that hot inflation, a stronger dollar and a recent rise in geopolitical tensions are clouding the outlook.

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