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Stock impact report

Goldman Sachs lays out bullish case for U.S. bank stocks [USA TODAY]

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: USA TODAY
CLOSE Last year was nirvana for retirement investors, but don't expect a repeat in 2018. USA Today money reporter Adam Shell explains. USA TODAY FILE - This Nov. 23, 2015, file photo shows a Capital One bank in New York. Capital One Financial Corp. reports earnings Tuesday, April 24, 2018. (AP Photo/Mark Lennihan, File) ORG XMIT: NYBZ257 (Photo: Mark Lennihan, AP) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE Wall Street firm Goldman Sachs is betting on bank stocks posting better gains than the rest of the U.S. stock market, mainly because the firm believes fears of a U.S. recession are overblown. David Kostin, the firm’s chief U.S. equity strategist, lays out a bullish call on bank stocks, saying his firm’s economists see only a 5% chance of recession in the next 12 months and less than 20% odds during the next eight quarters. “An economic contraction in the near term seems remote,” he told clients in a reseach note, noting Show less Read more
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