Goldman Sachs, Morgan Stanley stocks draw downgrade
HSBC Sees ‘Unattractive’ Risk Reward for Goldman Sachs, Morgan Stanley
Goldman Sachs Group Inc. and Morgan Stanley shares are showing an “unattractive risk reward profile” in the wake of the recent bank rally, HSBC analysts said, adding that investors should be wary of arguments that an investment banking “supercycle” will drives shares much higher.
Goldman Sachs, Morgan Stanley stocks draw downgrade after recent rally
With stock prices of Goldman Sachs Group Inc. and Morgan Stanley both outperforming the S&P 500 handily on optimism in the banking sector, HSBC analyst Saul Martinez downgraded shares of both financial firms to neutral from buy.
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Daan Struyven, Goldman Sachs head of global commodities research, joins 'Squawk Box' to discuss the state of the oil market, ...
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