- It was a tough operating environment in Q4, says analyst Steve Stelmach, "however, we believe the company's top- and bottom-line results are reason for optimism as we move into 2014." He reiterates his Outperform rating and raises the price target to $200 from $184.
- Increasing clarity on both regulatory and market issues - Volcker is settled and the taper is underway - "may potentially lead to a better operating environment for broker/dealers."
- "Goldman's (GS +0.8%) business model is set up to capitalize on any incremental market and economic improvement. Regardless, our outlook reflects a similarly uninspiring ROE to what GS posted in 2013, yet we remain positive on shares due to valuation that more than reflects these modest ROE expectations."
at CNBC.com (Nov 18, 2014)