logo

Citigroup: Raises Year-End Target for S&P 500 Index, Expects Tax Cut Measures to Offset Tariff Headwinds

By: theblockbeats.news|2025/08/11 11:01:59

BlockBeats News, August 11th, Citigroup's strategist raised the target for the S&P 500 index and stated that tax cuts should offset the negative impact of tariffs on U.S. companies. The team led by Scott Chronert raised the year-end target for the index from 6300 points to 6600 points, implying a roughly 3% increase from last Friday's close.


Stronger-than-expected earnings reports for this quarter, with little sign of tariff impact on performance, have driven the stock market to new highs this month. Institutional data shows that over 81% of S&P 500 index component companies have beaten expectations, the highest level in seven quarters. The Citigroup team stated that companies not only performed well but also mostly maintained their expectations for the second half of the year.


Therefore, market consensus earnings per share expectations are being raised. They have raised the earnings per share forecast for S&P 500 index component companies for 2025 from the previous $261 to $272 and for 2026 from $295 to $308. They stated that higher profit forecasts would not have a significant impact on valuation assumptions. They expect that by mid-2026, the index will rise to 6900 points, an approximately 8% increase from current levels. (Jinse Finance)

A Whale Trader Profited Nearly $500,000 from SPARK Trade, While Also Increasing Their AVA Holdings by 2.79 Million Coins
An Ethereum ICO address has deposited 2,000 ETH into a CEX and still holds 58,000 ETH.

You may also like

Share
copy

Gainers

Latest Crypto News

06:45

Jiangnan Technology Teams Up with SynVista to Launch AI Green Mining Platform

06:45

The US Ethereum Spot ETF experiences 5 consecutive days of net inflows ending, with a net outflow of $79 million yesterday.

05:45

Suspected Ethena Labs Withdraws Another 25 Million ENA

05:45

Yesterday's Whale Trader Who Perfectly Shorted Before the Major Drop Goes Long on ETH with 2x Leverage, Holding a Position Worth $56 Million

05:15

Tom Lee: S&P 500 to Rise to 7300, Surge in Market Liquidity Could Be Explosive

Read more
Community
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MMbd@weex.com

VIP Servicessupport@weex.com