Seeking Alpha

More on the Goldman bank moves: SunTrust (STI) joins Citigroup in being upgraded, while Wells...

More on the Goldman bank moves: SunTrust (STI) joins Citigroup in being upgraded, while Wells Fargo (WFC) and BB&T (BBT) join JPMorgan in being downgraded. "The stronger the bank, the fewer the EPS levers," says Goldman, clearly expecting a stronger economy and housing market in 2013.
Comments (2)
  • So let me get this straight.

     

    GS, a bank, has downgraded some banks and upgraded other banks.

     

    Makes perfect sense to me. It is not like GS has a stake in the game or anything. You have to love Wall Street.

     

    How long before analysts at the downgraded banks downgrade GS?
    4 Jan 2013, 07:25 AM Reply Like
  • I think that we need additional categories for upgrades. For instance, banks involved in criminal enterprises; banks appropriately under SEC investigation; banks that do not adequately supervise their traders; and banks using unethical means (robo-signing, etc.) for processing "overdue" mortgages.
    4 Jan 2013, 07:38 AM Reply Like
DJIA (DIA) S&P 500 (SPY)