JPMorgan's Jamie Dimon Predicts Further Cuts to S&P 500 Earnings Estimates Amid Trade Uncertainty**
JPMorgan Chase CEO Jamie Dimon warned on Friday that corporate earnings forecasts for the S&P 500 are likely to decline as companies withdraw their financial guidance due to ongoing uncertainty surrounding President Donald Trump’s trade policies.
"Analysts have already trimmed S&P earnings estimates by about 5% recently," Dimon said. "I expect those numbers to drop even further."
His comments reflect growing market concerns over how trade tensions could impact corporate profitability.