US equities continue to draw upward revisions from major banks and institutional investors amid robust corporate earnings and economic resilience.
The Swiss institution UBS Global Wealth Management now sees the S&P 500 (SPX) closing 2026 at 8,100, implying about 6% gains from recent levels near 7,674, reports Reuters.
The wealth management division UBS points to three key supports for the bull market, including steady economic expansion, accommodative monetary policy, and widespread AI adoption.
The firm also raised its earnings-per-share projections to $350 for 2026 and $400 for 2027, from earlier estimates of $335 and $375, ?respectively.
Multiple other institutional investors have similarly set targets above 8,000 for the index by the end of the year.
Says UBS,
“While AI-related companies remain key contributors, recent performance has also been supported by improving conditions ?in more cyclical ?parts ?of the economy.”
The bank kept its positive view on the US stock market and lifted its mid-2027 index goal to 8,400 from 8,200.
The news comes as the US labor market shows signs of life, according to the Kobeissi Letter.
“US hiring is showing signs of a recovery: 20% of small business owners said in July that they plan to hire over the next 3 months, the highest since October 2022.
By comparison, the average since the 1970s is just ~11%.
This also marks a +9 percentage point MoM (month-over-month) increase, the largest monthly improvement in hiring intentions on record.
This even surpasses the sharp recovery seen following the 2020 pandemic drop.
Historically, this indicator has led nonfarm private payrolls by 3-6 months, as small firms account for ~46% of all US private sector employment.
If history holds, a stronger jobs report could be just months away.”
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