Goldman Sachs Shares Attractively Higher After Analyst Comments, NYSE at Market Perform
The financial sector continues to move steadily higher in 2012. Analysts are reviewing financial stocks and a bit more optimistic than last year about bank stock performance. Here are 3 key companies to review today:
The Goldman Sachs Group, Inc. (NYSE:GS): Citigroup lowered Goldman Sachs fourth quarter earnings-per-share (NYSE:EPS) from $2.45 to $1.10 from $2.45. Citigroup said the company’s Investing & Lending business is expected to be lower and a Goldman is taking amore conservative view on comp flexibility. Citigroup 2012 EPS estimate was lowered from $13.70 to $11.00, but still has Goldman a Buy with a $125 target.
NYSE Euronext, Inc. (NYSE:NYX): Wells Fargo sees a rise for NYSE Euronext if merger blocked. Following the report on Fox Business News that the NYSE and Deutsche Boerse proposed merger is likely to be rejected by a European Union panel, Wells Fargo predicts a rise in NYSE’s stock up to $30 if the deal is rejected. The firm says NYSE has more value separately for investors than it would if combined. Wells Fargo maintains a Market Perform.
Western Alliance Bancorporation (NYSE:WAL): Roth Capital raised Western Alliance target from $7.50 to $9. Western Alliance should report better fourth quarter loan growth and better credit quality. The firm expects continued growth for WAL and reiterates a Buy.
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