Goldman Prefers Citi to Wells Fargo, Recommends Selling Options on Banks
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% [...]
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