Goldman Sachs Upgraded Large U.S. Banks to Neutral, Also Upgrades Trust Banks and Credit Card Cos
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Goldman Sachs upgraded Large U.S. Banks to Neutral, citing strong mortgage and capital market earnings.
The firm also upgraded U.S. Trust Banks to Attractive and U.S. Credit Card Companies to Neutral.
The firm maintained its Cautious rating on U.S. Regional Banks.
Related ETFs: Financial Select Sector SPDR (NYSE: XLF), SPDR KBW Regional Banking (NYSE: KRE).
Related Stocks: Bank of America (NYSE: BAC), JP Morgan (NYSE: JPM), Wells Fargo & Company (NYSE: WFC), State Street Corp. (NYSE: STT), Northern Trust (Nasdaq: NTRS), Bank of New York Mellon (NYSE: BK), Capital One Financial Corp. (NYSE: COF), American Express Company (NYSE: AXP)
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