U.S. banks, whose stock performance rapidly grows more closely correlated to their European...

|By:, SA News Editor

U.S. banks, whose stock performance rapidly grows more closely correlated to their European counterparts, are sitting ducks amid the eurozone crisis, Goldman Sachs says, as it lowers Q3 earnings estimates and price targets for big U.S. banks. Unlike in 2008, it's not about capital, but "a weakening macro picture and a sovereign crisis in which no clear resolution appears in sight."