The bank identifies financials, industrials, IT, and utilities-energy infrastructure as key drivers of durable profit expansion.
J.P. Morgan Private Bank has pinpointed four U.S. equity sectors expected to deliver sustained earnings growth into 2027. The sectors—financials, industrials, information technology, and utilities-energy infrastructure—are positioned to benefit from broadening corporate profit trends beyond dominant tech names.
Financials lead the outlook, with year-over-year bank loan growth accelerating to 6.7% in Q1 2026, up from near 2% in early 2024. The sector’s blended earnings growth rate reached 21.8% in Q1 2026, compared to 14.8% at the end of March, supported by stable interest rates and widening net interest margins.
The firm’s analysis suggests a shift away from concentrated market leadership, as earnings momentum spreads across a broader range of industries. No immediate market reaction was specified in the report.