(Financial winners and losers story updated for prices of stocks at the market close, including those of Goldman Sachs)NEW YORK ( TheStreet) -- Financial stocks were beneficiaries of the broad equity markets rally early on Tuesday, but as the markets gave back gains, so did some of the big U.S. financial stocks. Major analyst action in the financial sector on Tuesday proved less important that the general give and take in trading sentiment. JPMorgan Chase ( JPM) and Bank of America ( BAC) were the only major U.S. financial stocks to end Tuesday with gains above 1%. Bank of America was up 1.6%, or a gain of 22 cents to $14.06, while JPMorgan gained1.4%, or 50 cents to a closing price of $36.33. It was a JPMorgan analyst that made the big financial stock call of the day, upgrading shares of Goldman Sachs to a buy while downgrading shares of Deutsche bank to sell. JP Morgan analyst Kian Abouhossein made the bank calls based on Goldman Sachs' perceived risk-management edge, arguing that Goldman's approach to risk rating of its assets is much stricter than the approach used by European banks. Yet it was the European banks that rallied more broadly than the U.S. financial stocks on Tuesday. Recent Wall Street analyst calls on Goldman have tended to the negative, with Barclays last month speculating that Goldman Sachs might disappoint with its second quarter earnings.
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