This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

3 Bank Stocks Running Out of Steam From UBS

Goldman Sachs
Hawken downgraded Goldman Sachs (GS - Get Report) to a "Neutral" rating from a "Buy" rating, while stocking with his price target of $125.00.

Goldman closed at $119.02 Wednesday, returning 33% year-to-date, following a 46% decline during 2011.

The shares trade for 0.9 times tangible book value, and for 9.5 times the consensus 2013 EPS estimate of $12.50.

Hawken estimates that Goldman Sachs will earn $11.25 a share for all of 2012, followed by EPS of $13.75 in 2013.

The analyst said that "GS navigated the financial crisis with greater agility than most of its peers, and it gained significant market share as it was willing and able to take on risk when clients needed it most."

On the other hand, "the firm has taken a reputational hit more recently and remains in the political crosshairs," according to Hawken, who added that "regulatory overhangs could result in constrained valuation multiple for GS shares until greater certainty emerges around the firm's long-term earnings power."

GS Chart GS data by YCharts

Interested in more on Goldman Sachs? See TheStreet Ratings' report card for this stock.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
BAC $16.35 0.00%
C $53.35 0.00%
GS $197.29 0.00%
JPM $64.40 0.00%
MS $37.45 0.00%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs