Update: Goldman Sachs Reports Q4'14 Earnings
- Goldman Sachs reported Q4'14 earnings.
- The stock remains a Strong Buy.
- The original investment theory of solid yields and huge earnings remains intact.
After the weak bank earnings this week, investors didn't expect much from Goldman Sachs (NYSE:GS) by the time it reported Friday morning. The bank actually beat estimates, though analysts greatly reduced these estimates from levels of a week ago. Even after the sell off this week, the stock is struggling to gain traction with it trading down around $2.00 mid-day. Again, investors appear more concerned about momentum instead of the valuation proposition of the financial institution.
Read the full update at Seeking Alpha.
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