Bank of America strategists raise 2024 S&P 500 EPS forecast to $250, citing resilient growth and AI breakthroughs.

Bank of America strategists have raised their 2024 S&P 500 earnings-per-share forecast to $250 from $235, making them among the top most optimistic on Wall Street. The boosted outlook follows a strong earnings season and an upgrade by BofA economists of their US GDP expectations. The strategists attribute the stronger earnings to resilient economic growth and AI breakthroughs, while their 2025 EPS target is $275.

March 12, 2024
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