BMO sets next year’s S&P 500 target at 6,700, or a 14% gain from here

Stocks still have significant gains in front of them heading into 2025, at least according to BMO Capital Markets. BMO chief investment strategist Brian Belski forecasts the S & P 500 will reach 6,700 by the end of next year, which would equal roughly 14% appreciation from current levels, matching the market’s average return since the end of the Global Financial Crisis in 2009. in a 37-page report out Monday, Belski bases his bullish call on expectations that corporate profits for the S & P 500 will equal some $275 per share in 2025, up from maybe $245 to $250 this year.