RBC Capital keeps a Sector Perform rating and $375 price target on Goldman Sachs after its Q3 results. The quarter demonstrated a shift in market conditions that “may finally be here”, which would be a “meaningful tailwind” for the firm’s investment banking and trading businesses, the analyst tells investors in a research note. Exiting from its money losing consumer banking businesses will also eliminate a big distraction for Goldman Sach’ management team as well as improve its profitability, RBC added.
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