S&P 500 predictions from market giants

While easing estimates for this year vary in the markets, expectations for the US stock indices also vary. Here are the year-end target price expectations of the market’s giant institutions for the S&P 500 index Bank of America: 5,400 Bank of America is at the forefront of the market’s most optimistic institutions. In the estimate given by strategist Savita Subramanian to Bloomberg on March 12, it was stated that the S&P 500 would see 5,400 points by the end of the year. The institution’s price-earnings estimate was 21.60. Barclays: 5,300 Barclays Strategist Venu Krishna Krish, who entered his estimate at the end of February, stands out as one of the optimistic market actors. While Barclays estimated 5,300 points for the S&P 500 by the end of the year, the price-earnings expectation was 22.55. UBS: 5,400 UBS is also among the institutions that entered the highest estimate for the end of the year. The bank’s year-end S&P 500 forecast is 5,400, while its price-earnings expectation is recorded as 22.50. Goldman Sachs: 5,200 In his forecast in February, Goldman Sachs Strategist David J. Kostin predicted that the S&P 500 will close the year above current levels. Kostin’s price-earnings expectation is 21.58. HSBC: 5,000 HSBC Strategist Nicole Inui predicted that the S&P 500 will decline from current levels and close the year at 5,000 points. The bank’s price-earnings expectation for the S&P 500 is set at 21.19. Citi: 5,100 Although not as pessimistic as HSBC, Citi displayed a more cautious stance for the S&P 500 in its latest forecast. The bank's Strategist Scott T. Chonert's latest estimate for the S&P 500 was 5,100 points. The price-earnings expectation was entered as 20.82.