After reviewing 28 banks’ recent performance, Deutsche Bank analysts have upgraded Goldman Sachs Group Inc (NYSE:GS) while downgrading U.S. Bancorp (NYSE:USB).
Matt O’Connor and team at Deutsche Bank AG (NYSE:DB) (ETR:DBK) observe that of the 28 banks on their radar, 14 could beat consensus estimates, while 2 were in-line and 12 missed the estimates.
Upgrades Goldman Sachs to Buy
Deutsche analysts feel during the fourth quarter, Goldman Sachs Group Inc (NYSE:GS) will benefit from relative higher performance from both FICC and equity trading, as well as deriving benefits from continued comp flexibility and good completed M & A. With Goldman’s stock trading at just a modest premium to stated book, Deutsche analysts anticipate decent valuation support. Accordingly, the...
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