UPDATE 1-Wells Fargo raises S&P 500 EPS view for 2009, 2010

Newswire

Aug 31 (Reuters) - Wells Fargo Securities raised its earnings estimates for the Standard & Poor's 500 index for 2009 and 2010 by about $9, primarily due to better-than-expected earnings so far this year and the removal of General Motors from the index. The brokerage expects the S&P 500 to earn $61.40 this year and $73.00 in 2010. "We are slightly more optimistic than the consensus that financials will continue to earn their way out of balance sheet troubles this year, and believe ...

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