JPMorgan Chase (JPM) sees the broad S&P 500 rising to 3,000 in 12 months, representing a 13.1% gain from its current level of 2,652.

Erik Wytenus, a global investment specialist with J.P. Morgan Private Bank, is optimistic about stocks in 2018 and remains bullish on the financials sector, a beneficiary of tax reform.

More of What's Trending on TheStreet:

More from Video

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

This Could Be the Summer of Hard Seltzer

This Could Be the Summer of Hard Seltzer