Returns – Modelled S&P 500 Based on Change in Forward EPS and YoY Change in Fed Balance Sheet vs. Actual S&P 500 Should investors expect anemic S&P 500 returns through 2024? Image: BofA US Equity & Quant Strategy
Economic Composite Index vs. S&P 500 EPS YoY % Change Is it time to worry? U.S. economic activity has peaked and is highly correlated with S&P 500 earnings growth. Image: Real Investment Advice
Bottom-Up S&P 500 EPS Revision 4Q earnings estimates remained unchanged over the past three months. Will the earnings season drive the S&P 500 down? Image: BofA US Equity & Quant Strategy
Earnings – S&P 500 EPS Growth Forecasts vs. Consensus Goldman Sachs expects S&P 500 earnings per share of $226 in 2022. Image: Goldman Sachs Global Investment Research
S&P 500 Level and EPS Goldman Sachs forecast for S&P 500 EPS is now $236 in 2023, and its S&P 500 price target is 5,100 by the end of 2022. Image: Goldman Sachs Global Investment Research
S&P 500 Operating EPS vs. CAPEX Capital expenditures are expected to accelerate into 2022 and could potentially increase productivity. Image: J.P. Morgan Asset Management
MSCI U.S. EPS Consensus Growth Estimates U.S. EPS consensus growth estimates are only 7.4% for 2022. Image: BofA Global Investment Strategy
S&P 500 EPS and Index Level Forecasts Goldman Sachs has raised its S&P 500 price target to 5,100 by the end of 2022. Image: Goldman Sachs Global Investment Research
Earnings – STOXX Europe 600 EPS Level Thanks to an accomodative monetary and fiscal policy, the STOXX Europe 600 EPS is growing much faster than during the last cycle (2007-2019). Image: Goldman Sachs Global Investment Research
Global EPS Model vs. Consensus EPS Global EPS growth is expected to decelerate sharply. Image: BofA Global Investment Strategy