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

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."
Comments (5)
  • Dana Blankenhorn
    , contributor
    Comments (7191) | Send Message
     
    Easy to say, GS. You and your friends got bailed out. But no more for anyone else because that was just "about capital."

     

    Uh, huh.
    28 Sep 2011, 06:00 PM Reply Like
  • Enpassant
    , contributor
    Comments (194) | Send Message
     
    In that game of musical chairs, GS as best of breed knew the tempo best.
    28 Sep 2011, 06:53 PM Reply Like
  • Dana Blankenhorn
    , contributor
    Comments (7191) | Send Message
     
    I agree. Still doesn't give them a right to lecture anyone else. FDR for me and Mellon for thee?
    28 Sep 2011, 06:58 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    Who did not know that world banking sectors were already in trouble?
    28 Sep 2011, 07:44 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    but but but I thought we only had 80 billion in Greek exposure......oh thats right..there is 300 trillion in derivatives...lol...now that is where the hurt is going to be
    28 Sep 2011, 08:03 PM Reply Like
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