Goldman Sachs Group Inc pushed up shares of U.S. banks yesterday, after saying that the market has not recognized the significant improvement in earnings potential at big banks. Goldman Sachs boosted ratings on Wells Fargo & Co. to “Buy” from “Neutral”, added Capital One Financial Corp. to its “Conviction Buy” list and reaffirmed the “Conviction Buy” rating on Bank of America and JPMorgan Chase.
Financial stocks outperformed the market on Monday, rising 2.32% compared with the 1.49% climb for the S&P 500 Index.
Post a Comment