Banking Focus: Goldman
Bank shares taking center stage once again today, with financials among the early laggards following a downgrade of Goldman Sachs by analyst Meredith Whitney.
On top of cutting Goldman's rating to 'neutral' from 'buy', Whitney also indicated she is far less bullish now on banks than before.
Her new stances comes amid worries that delinquincies will impact bank earnings in the coming quarter.
Today's comments renewed concerns about the health of the financial industry. And we will get more clues on that when JP MorganChase releases results tomorrow. On Thursday, we'll get results from Goldman Sachs and Citigroup . Last but not least this week, quarterly results from Bank of America are due out on Friday.
Are Whitney's concerns about the banking sector justified?
We'll discuss the outlook for financials today at 3pm on the Closing Bell.
Han-Ting Wang contributed to this article.
- The Dow 30 in Real Time
- More Banks to Fail, But Bailout Probably Not Needed: Bair
- Plan Your Earnings Season Here
- The CNBC Stock Blog
Questions? Comments? Write email@example.com