After reviewing 28 banks’ recent performance, Deutsche Bank analysts have upgraded Goldman Sachs Group Inc (NYSE:GS) while downgrading U.S. Bancorp (NYSE:USB). Matt O’Connor and team at Deutsche Bank AG (NYSE:DB) (ETR:DBK) observe that of the 28 banks on their radar, 14 could beat consensus estimates, while 2 were in-line and 12 missed the estimates. Upgrades Goldman Sachs to Buy Deutsche analysts feel during the fourth quarter, Goldman Sachs Group Inc (NYSE:GS) will benefit from relative higher performance from both FICC and equity trading, as well as deriving benefits from continued comp flexibility and good completed M & A. With Goldman’s stock trading at…
US Banks’ Third Quarter Review A Mixed Bag
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports