HSBC downgraded Wall Street banks Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) to Hold from Buy as the stocks' recent rallies have more than reflected their improved fundamental outlooks.
But Morgan Stanley isn’t the only major investment bank to have cut its oil price forecasts in recent weeks. Goldman Sachs has lowered its expected range for Brent oil prices some five dollars ...
The other is tall, cleanshaven, and matter-of-fact. They are Lloyd Blankfein and James Gorman, and they run the only surviving stand-alone investment banks in the U.S. — Goldman Sachs Group Inc. and ...
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 ...
Goldman Sachs and Morgan Stanley were trading at premiums to their historical averages, with HSBC signalling only marginal upside potential of 1% and a downside of 3%, respectively, consistent with ...