Bank stocks have been one of our focuses in the New Year. It was our view that into their earnings, sentiment had gotten so good that a continuation of the bullish run would be difficult …
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This morning Citibank’s bank analyst Keith Horowitz downgraded his rating on Goldman Sachs (GS) from Neutral to Sell slapping a $225 price target on the stock, per CNBC.com: “We view the banks as trading stocks …
Continue readingBack in the late 1990s, the higher a tech stock went, the more bullish sell side analysts and investors would get. And in many instances, analysts would set ridiculous price targets that quickly turned out to …
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Shares of Goldman Sachs are up nearly 35% on the year, most of it since Nov 8th, and up nearly 75% from its late June post Brexit lows, and now just 3% from its all …
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On a day that it is announced that the President-elect will nominate Goldman Sachs (GS) alum Steve Mnuchin to head the Treasury, and is considering with GS’s current COO for a senior role in the administration, …
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The S&P 500 (SPX) clawed back a good bit of its early 1% losses by days end. One noticeable theme in today’s trading was options traders rolling existing positions: GS: bank stocks under-performed the broad market most of the day, with …
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A combination of the ECB not as dovish as some would expect yesterday, and increased expectations for a U.S. Fed rate increase in September have stocks and bonds falling today, while the U.S. dollar and rates …
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Event: Goldman Sachs (GS) reports Q2 results tomorrow before the open. The options market is implying about a 2.5% one day post earnings move which is a tad high of the 4 quarter average one …
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Yesterday on CNBC’s Fast Money, infamous bank analyst Dick Bove was critical of Goldman Sachs’ (GS) CEO Lloyd Blankfein. In particular, he criticized Goldman’s inability to react to new regulations since the financial crisis. That …
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This weekend, Barron’s was fairly emphatic that it is Time to Buy Bank Stocks: Their bull case is largely predicated on valuation: the 10 leading banks and investment banks now trade for eight to 12 times …
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