Just in: Deutsche Bank lifts S&P 500 target on strong earnings
The revision is based on a strong earnings cycle and the anticipation that market confidence will grow by the end of the year, which should positively influence US stocks.“While all the growth may not materialize this year, we see market confidence in a continued recovery rising by year end, supporting equity multiples.”
The brokerage firm noted that although all growth may not materialize this year, the market's confidence in a continued recovery is expected to rise by year-end. This sentiment is projected to support equity multiples. If the macroeconomic growth continues to exceed trends as it has for the past seven quarters, the strategists suggest earnings could reach as high as $271 per share, which is at the upper end of their original forecast range of $250 to $271.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bank Q1 profit jumps 10% as investment bank outperformsDeutsche Bank Q1 profit jumps 10% as investment bank outperforms
Read more »
Op-ed: My bank, their bank or our bankOne of the most important conversations newlyweds need to have is figuring out how and who will pay the bills. That goal can be reached in so many ways.
Read more »
Op-ed: My bank, their bank or our bankOne of the most important conversations newlyweds need to have is figuring out how and who will pay the bills. That goal can be reached in so many ways.
Read more »
Chubb is 'ideal fit' for Warren Buffett's investment style, says Deutsche BankWarren Buffett's purchase of 6.4% of Chubb makes perfect sense as the insurer checks all the boxes of his investment criteria, according to Deutsche Bank.
Read more »
Deutsche Bank to test asset tokenization with Project GuardianDeutsche Bank will explore an interoperable blockchain platform that provides services to tokenized and digital funds.
Read more »
Deutsche Bank joins Singapore's asset tokenization projectDeutsche Bank will test an interoperable blockchain platform as part of its new role in Singapore’s tokenization and DeFi project, Project Guardian.
Read more »