HSBC Raises S&P 500 Target to 7,650 Citing Strong Earnings Momentum
HSBC increased its year-end S&P 500 target from 7,500 to 7,650, citing resilient corporate earnings—particularly concentrated among large technology firms tied to AI. The bank projects roughly 20% earnings-per-share growth for 2026 and notes that the index has delivered strong recent gains, although it warns that sentiment is fragile and the rally …