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Goldman Sachs Upgrades State Street, Downgrades UBS And Virtu
Monday, January 6, 2020 - 3:11pm | 456Read More...Bank stocks are off to a shaky start to 2020. Goldman Sachs updated its coverage of bank stocks on Monday, and the firm believes selection will be critical for back stocks going forward. The Analysts Goldman analyst Richard Ramsden downgraded UBS Group AG (NYSE: UBS) from Neutral to Sell and cut...
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Goldman Sachs: Bank of New York Mellon Shares Have Modest Upside Potential North Of $60
Monday, March 12, 2018 - 1:53pm | 464Read More...Bank of New York Mellon Corp (NYSE: BK) was downgraded by Goldman Sachs on Monday, with the sell-side firm saying it projects only a 5-percent upside to its established price target. The Analyst Following Bank of New York Mellon's investor day, analyst Alexander Blostein...
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State Street Added To Goldman's Conviction List
Wednesday, June 28, 2017 - 9:32am | 355Read More...State Street Corp (NYSE: STT), a provider of a range of financial products and services to investors, was added to Goldman Sachs' "Americas Conviction List" amid three compelling upcoming catalysts. Goldman Sachs' Alexander Blostein also maintains a Buy rating on State Street's stock with a price...
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Analysts See Risks To EPS Upside From CBOE-Bats Deal
Tuesday, September 27, 2016 - 11:24am | 236Read More...Goldman Sachs sees risks to EPS upside from CBOE Holdings, Inc (NASDAQ: CBOE)'s $3.2 billion acquisition of Bats Global Markets Inc (BATS:BATS) from potential P/E de-rating. "Our hypothetical pro forma analysis suggests a potential deal would result in $3.41- 3.52 in adjusted EPS for...
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Goldman Sachs Removes BlackRock From Conviction Buy List
Monday, August 8, 2016 - 2:37pm | 339Read More...Goldman Sachs has removed BlackRock, Inc. (NYSE: BLK) from the Conviction List, but maintains a Buy rating on the stock as it feels the risk/reward to bemore balanced. "While we still see BLK as a structural winner in Asset Management, we expect its near-term organic fee rate growth (primary driver...
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Goldman Reviews Q2 Results From BATS Global Markets
Monday, August 8, 2016 - 9:31am | 308Read More...While Bats Global Markets Inc (BATS: BATS) reported robust 2Q16 results, with the EPS beating expectations, Goldman Sachs’ Alexander Blostein believes that with the stock trading at a premium to the NDAQ and SPX, there is limited upside potential. Blostein maintained a Neutral rating on the...
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Goldman Says BATS Is A Niche Growth Story Whose Valuation Leaves Little Upside
Tuesday, May 10, 2016 - 8:48am | 336Read More...BATS Global Markets, Inc. (BATS: BATS) is the lowest-cost provider in trading, on account of its technology and scale. Goldman Sachs’ Alexander Blostein initiated coverage of the company with a Neutral rating and a price target of $25. The analyst commented that while BATS has market share...
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Intercontinental Exchange Gets Back To Business; Goldman Now Buying The Stock
Friday, May 6, 2016 - 9:13am | 309Read More...Goldman Sachs has reinstated Intercontinental Exchange Inc (NYSE: ICE) with Buy rating. The firm also added Intercontinental Exchange to its Buy List (on the Americas Conviction List) with a price target of $305, implying 20 percent upside. "We view ICE as one of the strongest EPS growth stories in...
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Goldman Sachs Sees 19% Potential Upside In Affiliated Managers Group
Monday, March 21, 2016 - 7:26am | 323Read More...Goldman Sachs’ Alexander Blostein maintained a Buy rating on Affiliated Managers Group, Inc. (NYSE: AMG), while raising the price target from $175 to $190. Return Potential Adding the stock to Goldman Sachs’ America's Conviction List, Blostein mentioned that the stock has 19 percent...
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Goldman Sachs Downgrades Ameriprise Financial, Virtus On 'Weak Flows' And Retail Risks
Friday, July 10, 2015 - 7:54am | 491Read More...In a report published Friday, Goldman Sachs analyst Alexander Blostein commented that he expects Asset Managers to report "soft results" and deteriorating organic growth for most firms. Blostein noted that U.S. equities represent a large source of outflows with $53 billion rotated out of domestic...
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Goldman Sachs Downgrades TD Ameritrade, But Notes 'Lots Of Earnings Per Share Upside'
Friday, March 20, 2015 - 1:55pm | 304Read More...In a report published Friday, Goldman Sachs analyst Alexander Blostein downgraded shares of TD Ameritrade Holding Corp. (NYSE: AMTD) to Neutral from Buy despite "lots of earnings per share upside." Blostein noted that shares of TD Ameritrade are trading near his $38 per share price...
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UPDATE: Goldman Sachs Upgrades E Trade, Sees 24% Upside
Monday, October 20, 2014 - 2:44pm | 224Read More...E TRADE Financial Corporation (NASDAQ: ETFC) shares got oversold in the recent market meltdown and now might offer investors a 24 percent upside, an analyst said Monday. The online trading company is down nearly 14 percent since market highs in September. It's expected to post earnings...
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UPDATE: Goldman Sachs Upgrades E*TRADE Financial on Good Upside Potential
Friday, September 6, 2013 - 9:27am | 144Read More...In a report published Friday, Goldman Sachs analyst Alexander Blostein upgraded the rating on E*TRADE Financial Corporation (NASDAQ: ETFC) from Neutral to Buy, and raised the price target from $13.50 to $19.00. In the report, Goldman Sachs noted, “We upgrade ETFC to Buy from Neutral with a 12-...
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UPDATE: Goldman Sachs Downgrades NASDAQ OMX Group Amid Rising Margin Risks
Tuesday, July 30, 2013 - 7:22am | 163Read More...In a report published Tuesday, Goldman Sachs analyst Alexander Blostein downgraded NASDAQ OMX Group (NASDAQ: NDAQ) from Neutral to Sell, and lowered the price target from $30.00 to $28.00. In the report, Goldman Sachs noted, “We downgrade NDAQ to Sell from Neutral, with a $28 12-mo. price...
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UPDATE: Goldman Sachs Upgrades TD Ameritrade on Rate Headwinds Starting to Fade
Wednesday, July 24, 2013 - 7:58am | 117Read More...In a report published on Tuesday, Goldman Sachs analyst Alexander Blostein upgraded TD Ameritrade (NYSE: AMTD) from Sell to Neutral and raised the price target on the company from $19 to $27. In the report, Goldman Sachs stated, "Although we still think a majority of rate-related benefits are...
