Bank of America analysts are growing more bullish on Goldman Sachs after meeting with chairman and CEO David Solomon.
BofA reiterated a buy rating on Goldman Sachs in a note on Tuesday that summarized the meeting, alongside a $563 per share price target.
GS YTD mountain Goldman Sachs stock.
"We believe it is one of the best financial franchises (and among the strongest risk managers) globally at relatively discounted valuations on mid-teens ROE potential," Poonawala said.
Goldman Sachs stock has advanced about 31% in 2024 through early trading Tuesday.
Persons:
Goldman Sachs, David Solomon, BofA, Goldman, ROE resiliency, Ebrahim Poonawala, headwinds, Solomon, ROE, Poonawala
Organizations:
of America, Goldman, Wall
Locations:
Goldman Sachs