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HSBC Raises S&P 500 Target for This Year to 8,100, Expects Federal Reserve to Keep Rates Unchanged in 2026 and 2027
2026-09-14 17:09:44 HSBC raised its target for the S&P 500 this year to 8,100 from 7,650, citing better-than-expected corporate earnings performance. The bank noted that EPS growth in 1H26 was close to 40%, and forecast growth in 2H26 to exceed 25%. Full-year corporate earnings growth is expected to reach 33%, equivalent to EPS of USD360. HSBC said AI-related capital expenditure is one of the factors supporting semiconductor companies and other artificial intelligence-related stocks. It remains positive on the tech, financial and industrial sectors, while adopting a selective investment strategy toward consumer-related sectors. HSBC believes investors are somewhat overly concerned about potential Federal Reserve rate hikes, geopolitical uncertainties, the US midterm elections, and liquidity demand arising from IPOs and large-scale financing by cloud service providers. HSBC expects the Federal Reserve to keep interest rates unchanged in 2026 and 2027, while the yield on 10-year US Treasury bonds is projected to stand at 4.65% by the end of this year. (mn/u)~ AASTOCKS Financial News Website: www.aastocks.com 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. | |