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

Polymarket vs. Kalshi: The Full Meme War Timeline

Consensus Check: What Consensus Was Born at the 2026 First Conference?

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?

Russian-Ukrainian War Prediction Market Analysis Report

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)
Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.
Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?
How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.

The Israeli military is hunting a mole on Polymarket

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?

BlackRock Buying UNI, What's the Catch?

Lost in Hong Kong

Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?

Coinbase and Solana make successive moves, Agent economy to become the next big narrative

Aave DAO Wins, But the Game Is Not Over

Coinbase Earnings Call, Latest Developments in Aave Tokenomics Debate, What's Trending in the Global Crypto Community Today?

ICE, the parent company of the NYSE, Goes All In: Index Futures Contracts and Sentiment Prediction Market Tool
