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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (386552)	5/18/2009 11:32:20 AM
From: MythMan	Read Replies (2) \| Respond to of 436258

but nobody cares about that now. This is all you need to know >>BOSTON (MarketWatch) -- JMP Securities analyst Michael Hecht on Monday upgraded shares of Goldman Sachs Group Inc. (GS:$139.66,00$5.26,003.91%) to market perform from market underperform, and lifted his 2009 and 2010 profit estimates for the bank. "Key to our near-term EPS increase is an improved outlook for institutional securities including investment banking (equity underwriting in particular), but also continued high spreads we believe the company is seeing in its fixed-income sales and trading business," the analyst wrote in a note. "In addition, the global equity markets are up about 14% so far in the second quarter, which will drive higher asset management revenues," Hecht added. "Finally, spreads on legacy risk exposures in commercial and residential mortgage-backed securities and leveraged buyouts are flat to down so far in the second quarter, which suggests mark-downs are likely to be much lower as well."<<