Wall Street's biggest bull wishes he'd been a bigger bull [Yahoo! Finance Canada]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance Canada
What we're watching What we're reading Economic data releases and earnings Wall Street's biggest bull wishes he'd been even more bullish. But he's making up for it now “It has become clear to us that we underestimated the strength of the market momentum,” Brian Belski, BMO Capital Markets chief investment strategist, wrote Wednesday morning in a note revising his 2024 year-end forecast to a Street high of 5,600. Buoyed by Wednesday's moderating inflation numbers , stocks closed at 5,308, making Belski's target 5.5% away. ADVERTISEMENT Underestimation is not what Belski is known for. Last November, the strategist's team had the high-water mark for 2024 predictions with 5,100, one of the few daring to go past the 5,000 mark. At the time the index stood at 4,550, over 5% off its January 2022 peak of 4,796. Belksi's call proved to be prescient. And before the calendar flipped, Goldman Sachs, Deutsche Bank, and Citi had joined BMO at 5,100, with Oppenheimer and Fundstr
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Earnings
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Sec Filings
- 10/31/24 - Form 424B2
- 10/31/24 - Form 424B2
- 10/31/24 - Form 424B2
- GS's page on the SEC website