There’s a simple reason one of Wall Street’s most bullish strategists expects a 40% rise in the S&P 500 by 2030

Getty Images; Jenny Chang-Rodriguez/BI Ed Yardeni predicts the S&P 500 could reach 8,000 by 2030. Yardeni’s prediction is based on a simple analysis of historical growth rates. His bullish projection is supported by a “Roaring 2020s” scenario in which productivity grows. There’s a simple reason one of the most bullish Wall Street strategists expects the…

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Valley National, PB upped as Morgan Stanley turns bullish on midcap banks (NYSE:CFR)

georgeclerk/E+ via Getty Images Morgan Stanley Research thinks it’s time to lean into midcap banks, upgrading Prosperity Bancshares (NYSE:PB) to Overweight from Equal-Weight and Valley National Bancorp (NASDAQ:VLY) to Equal-Weight from Underweight, on the view that imminent interest-rate cuts lower funding costs, increase loan demand and relieve credit pressures. Q2 earnings reports gave analyst Manan…

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