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Fly News Breaks for January 17, 2019
GS
Jan 17, 2019 | 08:07 EDT
Goldman Sachs' core earnings results were better than Street expectations, but the bigger story is around the enhanced detail provided by the firm with earnings, according to JMP Securities analyst Devin Ryan. He thinks the firm took "a big step toward repairing investor sentiment" and believes the move in shares with earnings was warranted, Ryan tells investors. While he also would not be surprised to see some additional relief in the near term, Ryan thinks the 1MDB overhang will likely persist. He maintains a Market Perform rating on Goldman shares, citing the 1MDB uncertainty, but thinks the stock is "becoming increasingly attractive."