S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Investing

Goldman Sachs Upgrades Rivals (GS, BAC, C, MS)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Goldman Sachs Group Inc. (NYSE: GS) has come out with a set of upgrades in the bank and brokerage sector this morning.  These are the sort of calls that when a firm in the brokerage business issues an upgrade or a downgrade you often wonder if they are really just issuing an upgrade or downgrade on themselves. 

Goldman Sachs was not positive universally because the firm downgraded shares of Bank of America Corporation (NYSE: BAC) to Neutral from Buy. 

The two big upgrades took place in Citigroup, Inc. (NYSE: C) and in Morgan Stanley (NYSE: MS).  Citigroup, Inc. (NYSE: C) was Raised to Buy in the call by Goldman Sachs, but Morgan Stanley found its stock raised to the prized Conviction Buy List at Goldman Sachs.

Bank of America shares are down 1.8% at $7.16; Citigroup is down 0.5% at $30.70; and Morgan Stanley is up 0.8% at $18.70.  Brokerage firms do not cover their own company for the obvious conflict of interest, but sometimes it feels like they do.

This is the opposite call from the TOP ANALYST UPGRADES & DOWNGRADES OF THE WEEK.

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Jon C. Ogg |

Citi Downgrades Major Banks… Is It Downgrading Itself? (C, BAC, JPM, GS, MS)

Major banks and brokerage firms do not cover their own banks, for obvious reasons of conflicts of interest.  They do,…

Jon C. Ogg |

Top Analyst Upgrades and Downgrades: ADT, Alcoa, Chesapeake, Google, Kraft, On Deck, Windstream and More

Monday's top analyst upgrades, downgrades and initiations include ADT, Alcoa, Chesapeake Energy, Google, Kraft Foods, On Deck Capital and Windstream.

Jon C. Ogg |

Top Analyst Upgrades & Downgrades (AAP, AZO, BAC, C, HFC, IMGN, JAKK, JPM, K, KEG, MEOH, MNST, MS, MYL, SPLS, TWX, WFM)

Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms…

Jon C. Ogg |

Top Analyst Upgrades and Downgrades: Alcatel-Lucent, ADM, BofA, Chesapeake, Google, J.P. Morgan, MGM and More

Thursday's top analyst upgrades, downgrades and initiations seen from Wall Street research calls includes Alcatel-Lucent, ADM, Bank of America, Chesapeake…

Jon C. Ogg |

When Banks & Brokers Upgrade & Downgrade Each Other (GS, MS, JPM)

In a rare move, Goldman Sachs Group (NYSE: GS) has made some changes to its Conviction Buy List on competing…

Jon C. Ogg |

Top Analyst Upgrades and Downgrades: Twitter, Microsoft, Activision, Halcon and More

Jon OggEarnings season is winding down and stocks are challenging new all-time highs. Investors and traders alike are considering how…

Jon C. Ogg |

BofA Cuts Rival Targets & Estimates, Not All Bad News (BAC, GS, MS, JPM, C)

Bank of America Corporation (NYSE: BAC) has been the subject of more rumors and more speculation than one could imagine. …

Jon C. Ogg |

24/7 Wall St. Top Analyst Calls of the Week (T, ADP. BBY, CHK, DNDN, ETFC, JCP, JPM, GS, MS, JEF, KLAC, LIFE, MCD, KORS, NFLX, VPRT, ZNGA)

Jon OggThis last week brought many new analyst calls in key stocks.  At the end of each week we review…

Jon C. Ogg |

Top Analyst Upgrades and Downgrades: GE, Gilead, Oracle, Under Armour, El Pollo Loco and More

Tuesday's top analyst upgrades, downgrades and initiations seen from Wall Street research calls include GE, Gilead Sciences, Oracle, Under Armour…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820