GO
| HSI1 | 24,856.43 | -479.52 | 261.66B |
| HSCEI1 | 8,389.93 | -192.81 | 116.50B |
| Back Zoom + Zoom - Block Traded | |
|
Wall Street Banks Raise US Corporate Earnings Forecasts; M Stanley Expects Strong US Equity Performance Amid Iran War
2026-03-26 10:29:21 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. 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. ~ AASTOCKS Financial News Website: www.aastocks.com | |