JPMorgan Sees S&P 500 Rising 10.3% in FY13; Guides EPS Expectations

JPMorgan sets year-end FY13 S&P 500 (NYSE: SPY) target at 1,580, according to headlines out Wednesday morning. The index is currently at 1,432.50, meaning JPMorgan's estimate provides for 10.3 percent of growth next year.

The firm sees S&P 500 FY13 EPS of $110 in FY13 and $117 in FY14.

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