Strategists’ Forecasts for Standard & Poor’s 500 Index in 2012

The table presents estimates from strategists at brokerages for where the Standard & Poor’s 500 Index (SPX) will finish 2012 and how much profit companies in the benchmark measure of U.S. stocks will generate.

Firm                 Strategist           2012 Close   2012 EPS
Bank of America      Savita Subramanian     1,400      $104.50
Bank of Montreal                            1,458      $103.00
Barclays             Barry Knapp            1,330      $103.00
Citigroup*           Tobias Levkovich       1,425      $101.00
Credit Suisse        Andrew Garthwaite      1,470      $100.50
Deutsche Bank**
Goldman Sachs        David Kostin           1,250      $100.00
HSBC                 Garry Evans            1,490
JPMorgan             Thomas Lee             1,430      $105.00
Morgan Stanley       Adam Parker            1,167      $100.00
RBC                  Myles Zyblock                     $101.00
UBS                  Jonathan Golub         1,475      $103.00
Wells Fargo          Gina Martin Adams      1,360      $102.00
Mean                                        1,387      $102.09
Median                                      1,425      $102.00
High                                        1,490      $105.00
Low                                         1,167      $100.00

     * Citigroup’s estimate for S&P 500 profit is from Steven
     ** David Bianco, who joined Deutsche Bank in February,
hasn’t given forecasts yet.
     *** Oppenheimer is currently interviewing for a strategist.

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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