S&P 500 2010 EPS Estimate Raised to $76 at Credit Suisse

By Alexis Xydias

Oct. 5 (Bloomberg) -- Credit Suisse Group AG strategists reiterated a recommendation to hold more global equities than are reflected in benchmarks, and raised their 2010 earnings-per- share estimate for the Standard & Poor’s 500 Index to $76 from $71.

The S&P 500 may end 2009 at 1,100 because a growing U.S. economy and expanding earnings will spur investors to allocate more money to equities, the strategists wrote in a report today.