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
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
Permalink posted by markw @ 8:25 AM 
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