Monday, October 1, 2012

Barron's thinks Goldman Sachs could rise 25%

Goldman Sachs shares could rise at least 25 percent in the next year as capital markets improve, Barron's said on Sunday. [Goldman Sachs: Built To Win]
Granted, all major bank stocks trade below book, and none would be immune to another financial scare. But the negative perception of Goldman is far more dour than the reality justifies. The company maintains an abiding leadership position in most of its activities, and is financially sturdier and less burdened by irrational competition than it was a half-decade ago. Based on the likely outlook for capital-markets activity and Goldman's ability to continue growing its book value, it is easy to conclude that the shares could rise at least 25% within a year.

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