Bloomberg News

Strategists’ Forecasts for Standard & Poor’s 500 Index in 2012

April 10, 2012

The table presents estimates from strategists at brokerages for where the Standard & Poor’s 500 Index (SPX) will finish 2012 and how much profit companies in the benchmark measure of U.S. stocks will generate.


Firm                 Strategist           2012 Close   2012 EPS
==============================================================
Bank of America      Savita Subramanian     1,400      $104.50
Bank of Montreal                            1,458      $103.00
Barclays             Barry Knapp            1,330      $103.00
Citigroup*           Tobias Levkovich       1,425      $101.00
Credit Suisse        Andrew Garthwaite      1,470      $100.50
Deutsche Bank**
Goldman Sachs        David Kostin           1,250      $100.00
HSBC                 Garry Evans            1,490
JPMorgan             Thomas Lee             1,430      $105.00
Morgan Stanley       Adam Parker            1,167      $100.00
Oppenheimer***
RBC                  Myles Zyblock                     $101.00
UBS                  Jonathan Golub         1,475      $103.00
Wells Fargo          Gina Martin Adams      1,360      $102.00
---------------------------------------------------------------
Mean                                        1,387      $102.09
Median                                      1,425      $102.00
High                                        1,490      $105.00
Low                                         1,167      $100.00


     * Citigroup’s estimate for S&P 500 profit is from Steven
Wieting.
     ** David Bianco, who joined Deutsche Bank in February,
hasn’t given forecasts yet.
     *** Oppenheimer is currently interviewing for a strategist.

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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