Strategists’ Forecasts for Standard & Poor’s 500 Index in 2011

The table presents estimates from strategists at brokerages for where the Standard & Poor’s 500 Index will finish 2011 and how much profit companies in the benchmark measure of U.S. stocks will generate.

Firm                 Strategist           2011 Close   2011 EPS
Bank of America*     Savita Subramanian                 $98.25
Bank of Montreal**   Ben Joyce              1,267       $97.00
Barclays             Barry Knapp            1,260       $96.00
Citigroup***         Tobias Levkovich       1,325       $97.00
Credit Suisse        Andrew Garthwaite      1,270
Deutsche Bank        Binky Chadha           1,425       $99.00
Goldman Sachs        David Kostin           1,200       $96.00
HSBC                 Garry Evans            1,130
JPMorgan             Thomas Lee             1,475       $97.75
Morgan Stanley       Adam Parker            1,238       $96.20
Oppenheimer          Brian Belski           1,325       $96.00
RBC                  Myles Zyblock                      $96.00
UBS****              Jonathan Golub         1,350       $96.64
Wells Fargo          Gina Martin Adams      1,250       $93.50
Mean                                        1,293       $96.61
Median                                      1,269       $96.42
High                                        1,475       $99.00
Low                                         1,130       $93.50

     * Subramanian, who was named Bank of America’s head of U.S.
equity strategy in September, hasn’t given forecasts yet.
     ** BMO’s rolling 12-month projection is 1,300.
     *** Citigroup’s estimate for S&P 500 profit is from Steven
     **** UBS’ estimate for S&P 500 profit is from Thomas

To contact the reporter on this story: Inyoung Hwang in New York at

To contact the editor responsible for this story: Nick Baker at

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