Deutsche Bank Expects S&P Printing 1,550 Next Year

Deutsche Bank (DB) sees the S&P 500 reaching 1550 next year, well above some of the more bullish forecasts from Wall Street. Chief U.S. equities strategist Binky Chadha, in a note released late Monday, also issued a forecast for S&P 500 earnings per share of $96 in 2011, compared to the annualized $91.50 in the 2010 4Q. He expects domestic profit growth of 7%. – CNBC