Green shoots at Goldman

"Positive sentiment is building" at Goldman Sachs (GS +1.3%), say Nomura's Steven Chubak and Sharon Leung, acknowledging headwinds in core businesses like trading, but noting growing contributions from higher-margin areas, and forced-Volcker sales which should bring capital relief.

The team is not yet ready to pull the trigger on a Buy rating, citing valuation as a concern as they leave their rating at Neutral.

For the year, Goldman is lower by 6% vs. a gain of 3% for the S&P financials.

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Comments (1)
  • giofls
    , contributor
    Comments (2596) | Send Message
    Bought GS a month ago or so at $159. Sold the Jan calls @$180 for around $3. I won't get rich, but this is a good holding. All the M&A activity will serve them well.
    17 Jun 2014, 08:19 PM Reply Like
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