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Wall Street firm that nailed the market bottom now expects the S&P 500 to jump 8% by the end of August

Stifel previously called for a 15% relief rally on March 19, two trading sessions prior to the March 23 bottom.
FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken

Goldman Sachs lists 5 reasons why bitcoin is ‘not an asset class’, nor ‘a suitable investment’

Goldman said "a security whose appreciation is primarily dependent on whether someone else is willing to pay a higher price for it is not a suitable investment..."

BANK OF AMERICA: Stocks haven’t been this attractive relative to bonds in 70 years, suggesting further gains are coming

The stars have aligned for more stock gains, Bank of America says. The firm sees equities the most attractively valued in decades, versus bonds.

Renowned strategist Tom Lee explains why he sees new stock-market records by year-end despite a massive hit to corporate earnings

Cash on the sidelines and a potentially expedited coronavirus vaccine are two reasons why the S&P 500 is a pretty good risk/reward right now, according to Lee.

The argument for negative interest rates in the US has strengthened, Goldman says

The argument for cutting rates below zero is the same as cutting rates above zero: to stimulate demand for credit, which helps stimulate the economy.

Goldman Sachs highlights 4 key trends from first quarter earnings and outlines road to recovery for stock market

With 90% of S&P 500 companies having reported first quarter earnings, profits are down 13.8% and revenues are up 0.7%, according to FactSet data.

These 6 ‘fallen angel’ companies had their debt ratings slashed to junk in April

In finance, a "fallen angel" is a company that had its debt rating reduced to junk status due to a deteriorating financial position.
A worker deflates a Chicago Bears inflatable mascot prior to the NFL football game between the Chicago Bears and the Cincinnati Bengals in Chicago, Illinois, September 8, 2013.

Deflation is a bigger risk than inflation as Fed injects trillions into economy, BofA says

When trillions of dollars in stimulus is injected into the economy, most investors' gut reaction is to prepare for inflation. Not so fast, BofA says.

JPMorgan calls growing M&A chatter around Wells Fargo ‘a non-starter’ as stock trades near 2008 levels

By law Wells Fargo is unable to merge with any bank because it already exceeds the 10% deposit market share limit, with a 10.3% share as of last year.

Goldman Sachs slashes forecasts, now sees GDP shrinking 39% this quarter and unemployment at 25%

Goldman estimates that consumer services spending dropped 20% from its pre-virus levels in April, with a collapse in transportation and hotel sectors.