Bank of America Lifts 2026 S&P 500 EPS Forecast to $345 as Q2 Profit Growth Nears 28%
Updated
Updated · Business Insider · Jul 14
Bank of America Lifts 2026 S&P 500 EPS Forecast to $345 as Q2 Profit Growth Nears 28%
3 articles · Updated · Business Insider · Jul 14
Summary
$345 is Bank of America's new 2026 full-year S&P 500 EPS forecast, raised from $335 and implying 26% year-over-year growth.
$85.50 is the bank's Q2 EPS estimate for the index—up 28% from a year earlier and 5% above Wall Street consensus—because it sees no sign earnings momentum is fading.
83% of early reporters have beaten EPS estimates, 72% topped sales forecasts, and 61% beat on both, reinforcing the bank's view that another strong earnings season is underway.
Tech and energy are driving estimate upgrades, with Amazon, Alphabet, Microsoft, Meta and Oracle expected to spend more than 40% above Wall Street's initial capex projections.
A 1.4-to-1 ratio of positive-to-negative guidance, near the strongest since 2021, plus cooling June CPI and expanding ISM surveys, points to broader macro support for earnings surprises.