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Wall Street Banks Raise US Corporate Earnings Forecasts; M Stanley Expects Strong US Equity Performance Amid Iran War
Despite the surge in oil prices and potential impact on consumer demand, Wall Street banks' analysts still raised earnings forecasts for US companies, according to Bloomberg. D...
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Despite the surge in oil prices and potential impact on consumer demand, Wall Street banks' analysts still raised earnings forecasts for US companies, according to Bloomberg.

Data compiled by Morgan Stanley indicates that earnings for S&P 500 constituents are expected to grow by 20% over the next 12 months. Historically, such high corporate earnings only occur when the economy emerged out of recessions.

Related NewsISM Services PMI for Mar in the United States is 54.0, lower than the previous value of 56.1. The forecast was 55.
Although the stock prices of S&P 500 constituents declined, their earnings outlook improved, a rare occurrence during periods of geopolitical turmoil, Mike Wilson, chief investment officer and chief US equity strategist at Morgan Stanley, stated.

Data shows that, when analysts raised corporate earnings forecasts while the S&P 500 was declining, the US equity market often exhibited strong performance.



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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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