By way of Bloomberg:
- Morgan Stanley and Citigroup Inc. slashed their estimates for 2025 earnings
- becoming a member of a wave of Wall Road banks warning that tariffs will curb revenue progress
Citi’s lowered 2025 prediction for the S&P 500 to five,800 from 6,500
- predicated on earnings of $255 a share for corporations within the index, down from a earlier $270 projection
Morgan Stanley lower 2025 earnings-per-share forecast to $257 from $271.
This text was written by Eamonn Sheridan at www.forexlive.com.
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