NEW YORK ( TheStreet) -- Goldman Sachs unveiled a new metric for bank stocks in a report it published Tuesday as investors become extremely short term in their focus: "price to now." The analysts argue that uncertainty over the U.S. economy along with the possibility of a European meltdown "are driving investors to look at short term valuation metrics for bank stocks." As a result, Goldman advises investors to buy stocks trading "at or near tangible book value but earning returns that are at or near their cost of capital" Included in this group are JPMorgan Chase ( JPM), Capital One Financial ( COF), Huntington Bancshares ( HBAN). Also favored by Goldman are names they believe combine "offensive and defensive" attributes: earning steady returns. These include Wells Fargo ( WFC), PNC Financial ( PNC) and, once again, JPMorgan and Capital One. -- Written by Dan Freed in New York.