Trading slump behind Goldman downgrade


"If you’re wrong, you have to admit you’re wrong," says Bernstein's Brad Hintz, throwing in the towel on his Outperform rating for Goldman Sachs (GS -0.4%). "It certainly doesn't look like trading is going to generate effective returns."

And if trading does bounce back? "Yeah, they're a winner," says Hintz. "But over the next two years, it’s tough to make an argument that we’re going to see that winning occur.”

Previously: Goldman downgraded at Bernstein

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs