Is JPMorgan Chase Right About Selling Goldman Sachs?
Until recently, JPMorgan Chaseanalyst Kian Abouhossein rated both Goldman Sachsand Morgan Stanley "neutral" (i.e., a "hold"). But this week, his view on the two investment-banking heavyweights diverged: He now rates Morgan Stanley "overweight" (i.e., a "buy") and Goldman Sachs "underweight" (i.e., a "sell").
Is he right? Senior analyst Anand Chokkavelu thinks the numbers favor Morgan Stanley and reputation favors Goldman Sachs. However, Anand isn't particularly interested in either of them because there are many better risk-reward bets in banking -- including the company rating the two.
See more in the following video.
One bank Anand thinks folks should look into is a small, under-the-radar bank. It's been called one of The Stocks Only the Smartest Investors Are Buying. You can learn about it, and more, in our exclusive free report. Just click here to keep reading.
The article Is JPMorgan Chase Right About Selling Goldman Sachs? originally appeared on Fool.com.Anand Chokkavelu owns shares and warrants of JPMorgan Chase. Andrew Tonner has no positions in the stocks mentioned above. The Motley Fool owns shares of JPMorgan Chase. Motley Fool newsletter services recommend Goldman Sachs. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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