Monday, May 18, 2009

 

Goldman Blesses BofA

Whatever Bank of America (BAC) has been doing, the message from Goldman Sachs is a simple one: keep it up.

Goldman lobbed the controversial banking concern’s shares onto its conviction buy list, saying BofA is in the midst of another solid mortgage and capital-markets quarter. It set its earnings estimate to a high-on-the-street 25 cents a share. Consensus says the bank will barely be profitable, though the range of a loss of 32 cents to a profit of 22 cents looks unreliably wide...

Barron's: Goldman Blesses BofA

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