Wall Street’s Profit Outlooks Haven’t Budged as World Changes
- S&P 500 2024 estimates hover at $247 per share, same as in May
- Analysts making more cuts to year-ahead views: Morgan Stanley
Pedestrians on Wall Street near the New York Stock Exchange.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The financial world is moving fast, as the Federal Reserve prepares to start cutting interest rates and stock indexes are at or near all-time highs.
But one thing hasn’t changed with the times: Wall Street’s expectations for corporate profits.