Deutsche Bank raises its earnings per share forecast for the S&P 500 index for 2026 and 2027

On August 3rd, Deutsche Bank raised its earnings forecast for the S&P 500 index, expecting earnings per share (EPS) for the S&P 500 to reach $358 in 2026, higher than $342; The EPS forecast for 2027 has been raised from $390 to $420. Deutsche Bank stated that the upward adjustment is based on the strong performance of the company's second quarter financial report. Currently, 87% of S&P 500 constituent stocks have exceeded market expectations in terms of corporate profits, and it is expected that corporate profits will increase by 33% year-on-year in the second quarter. Deutsche Bank pointed out that profit growth is spreading from large technology companies to broader industries, with corporate profit margins reaching historic highs and sales growth remaining strong.