Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 85.85

+0.3%

Nov 28 9:30 AM EST

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From: tejek	10/25/2010 3:18:19 PM
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Goldman Says Citi a ‘Conviction’ Buy By Matt Phillips Associated PressGoldman Sachs banking analyst Richard Ramsden added Citigroup to Goldman’s “conviction list” of stocks with buy ratings Monday, citing Citi’s exposure to emerging markets such as Latin America and Asia and saying the share price could rise 35% over the next 12 months. For similar reasons, Goldman also reiterated HSBC’s position on the “conviction” buy list. “The two groups – which operate the two most expansive banking networks globally – are uniquely well placed to benefit from emerging market growth relative to mature market peers,” wrote Ramsden, who upgraded Citigroup from “neutral” to “buy” in late May, the shares have been pretty much flat since then. Keep an eye on them shares during the open. blogs.wsj.com

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