Goldman Sachs is facing a political firestorm. Some heads may have to go, but it has a deep bench.
The forward P/E and the trailing P/E all look attractive at 6-7 range, now that the price is at $152/shr.
Is it a buy? Popular bank analysis Dick Bove thinks so.
We note in the Abacus deal, John Paulson came out ahead with $1B, and the losers were a German bank, IKB, which lost $150M, and Royal Bank of Scotland (RBS), which lost $840M.
The congressional hearing on Tuesday may yet create more discount on the shares.
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