Goldman Sachs more bullish on banks
The frenzy of capital raising that we're now seeing is cause for optimism among Goldman Sachs financial analysts. They have upgraded large U.S. banks to "neutral." Bank of America now ranks as a "conviction buy," as does JPMorgan Chase. The analysts also suggested big write-downs may be nearing an end, though many would quibble with that. Credit card losses and CMBS losses still strike me as a wildcard. Article
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