April 28, 2010
Where Will The S&P 500 Index End The Year?
Source: Bespoke Investment Group Website
Wall Street market strategists expect the S&P 500 Index to end the year at 1264. That is just 7% above current prices. UBS, Bank of America, and Credit Suisse are the most recent firms to up their year-end targets.
UBS now has the highest year-end S&P 500 price target at 1350 points, followed by Deutsche Bank AG (USA) (Public, NYSE:DB) at 1325, and JPMorgan Chase & Co. (Public, NYSE:JPM), Oppenheimer, HSBC Holdings plc (ADR) (Public, NYSE:HBC), and Bank of America Corporation (Public, NYSE:BAC) all at 1300.
Three strategists now have year-end targets that are lower than the S&P 500's current level: Barclays PLC (ADR) (Public, NYSE:BCS) 1210, Morgan Stanley (Public, NYSE:MS) 1200, and Citigroup Inc. (Public, NYSE:C) 1175.
David Kostin from Goldman Sachs Group, Inc. (Public, NYSE:GS) expects the S&P to end the year at 1250.
Related ETF`s: ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), SPDR S&P 500 ETF (Public, NYSE:SPY)