(CNBC) Goldman Sachs’ earnings are disappointing, but there is still reason to be bullish, Chris Kotowski, senior analyst at Oppenheimer, told CNBC’s “Power Lunch” on Tuesday. “The comparisons coming off last year are distorted, but if you look at comparisons against 2015, right? Citi, Bank of America and JP Morgan on average, 1Q FICC trading results were up about 5 percent versus 2015. Goldman was down 46 percent, so you know there is no sugar coating,” Kotowski said.
There’s No ‘Sugar Coating’ Goldman’s Disappointing Earnings, Says Oppenheimer Senior Analyst
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