Goldman Prefers Citi to Wells Fargo, Recommends Selling Options on Banks
Posted on September 10, 2012 at 15:26 PM EDT
Goldman Sachs blames regulation and low interest rates for banks’ inability to earn their cost of capital, and removed Wells Fargo from its conviction list while reiterating a Buy rating on Citigroup. Goldman Sachs Group (GS) still has a Buy rating on Wells Fargo (WFC). But analyst Richard Ramsden cited the appreciation of the stock — up nearly 52% [...]