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Goldman Sachs: Financial Winners and Losers

Goldman Sachs lost ground Thursday even after Deutsche Bank said the bank is "in a league of its own."


Updated with stock price moves




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Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

lost ground Thursday even after Deutsche Bank said the bank is "in a league of its own."

Goldman Sachs was down $1.45, or 0.8%, to $189.03 after Deutsche Bank analyst Michael Carrier initiated coverage of the company with a buy rating and a stock price target of $220. Carrier cited superior risk management, an innovative culture, and the bank's relative positioning in the industry. Goldman should generate superior earnings/book growth and a healthy return on equity in the near term, Carrier wrote.

Deutsche Bank also started coverage of

Morgan Stanley

(MS) - Get Morgan Stanley Report

with a buy rating, setting a $36 stock price target. The firm said Morgan Stanley is well capitalized and expects it to remain that way even under the likely increased regulatory requirements. Morgan Stanley shares were lately up 79 cents, or 2.5%, to $31.95.

Among other analyst moves, UBS initiated coverage of large-cap banks with a cautious outlook, noting that while the bank stocks found a bottom in March, the 140% surge off those lows has overshot valuations as fundamentals remain weak. The firm recommended waiting for a more attractive entry point on the sector.

UBS initiated coverage of

TheStreet Recommends

Wells Fargo

(WFC) - Get Wells Fargo & Company Report


Fifth Third Bancorp

(FITB) - Get Fifth Third Bancorp Report



(BBT) - Get BB&T Corporation Report



(CMA) - Get Comerica Incorporated Report



(STI) - Get SunTrust Banks, Inc. Report


PNC Financial

(PNC) - Get PNC Financial Services Group, Inc. Report

with a sell rating.

The firm also started coverage of

Regions Financial

(RF) - Get Regions Financial Corporation Report


U.S. Bancorp

(USB) - Get U.S. Bancorp Report



(KEY) - Get KeyCorp Report


M&T Bank

(MTB) - Get M&T Bank Corporation Report

with neutral ratings.

Among those stocks assigned a sell rating, Fifth Third was unchanged at $10.15, while Comerica fell 1.7% to $29.89, PNC was down 4.1% to $43.76, Wells Fargo was down 0.6% to $29.10 and BB&T dipped 0.6% to $26.77. SunTrust, meanwhile, was higher by 0.5% to $22.44.

The stocks assigned neutral ratings by UBS were performing slightly better. U.S. Bancorp climbed 1.7% to $22.56 and M&T Bank traded higher by 1.2% to $63.21. On the other hand, Regions was down 0.3% to $5.98, and KeyCorp was down 1.1% to $6.21.

Among other bank stocks,


(C) - Get Citigroup Inc. Report

shares were inching higher after an outside appraisal gave the bank's management team a favorable review, although some shuffling of senior executives might be needed.

The review, conducted this summer for Citigroup's board by Egon Zehnder International, gave strong overall marks to Citigroup's management team and to CEO Vikram Pandit in particular,

The Wall Street Journal

reports, citing people familiar with the matter. The review, however, gave less-favorable assessments to at least two of Pandit's lieutenants, Vice Chairman Lewis Kaden and Chief Administrative Officer Don Callahan, the people said.

Citigroup shares were rising by three cents, or 0.7%, to $4.67.

Bank of America

(BAC) - Get Bank of America Corp Report

retraced early gains and traded lower after the

Securities and Exchange Commission

Wednesday requested a jury trial for its case against the bank. The SEC has accused BofA of misleading shareholders about bonuses given to

Merrill Lynch

employees before the companies earlier this year.

The trial is a result of a rejected $33 million settlement deal, which U.S. District Court Judge Jed Rakoff called a breach of "justice and morality." BofA shares were down three cents, or 0.2%, to $17.32.

-- Written by Robert Holmes in New York