Two Ways: Goldman Set to Break Records, Break the Bank

Minyanville:

Goldman Sachs (GS) starts off the earnings round for financials next Tuesday. According to Bank of America analyst Guy Moszkowski the firm is on track to beat its 2008 trading-revenue record by as much as 64%. In a story by Bloomberg Moszkowski said the New York-based firm has “unmatched risk-taking/ risk-management skills in a market that rewards these because of decline in competitor risk appetite.” He expect the bank to earn about $3.90 a share up from his previous estimate of $2.92 and above consensus estimates of $3.42. Moszkowski upgraded the stock from “neutral” to “buy” and set his ...

Read the whole story: Minyanville