The bank now sees the record-busting index SPX ending 2024 at 5,600, from a prior 5,200 thanks to “milder-than-average negative earnings revisions and a higher fair value price/earnings multiple.”
The Swiss bank offered to give back 90% of any investments in the Credit Suisse funds that had put $10 billion into Greensill Capital before its collapse in 2021
A scenario where the far-right National Rally wins an absolute majority in French parliament could lead to further underperformance for French stocks after its worst week in two years, say strategists at Goldman Sachs.