Goldman Sachs (GS) shares may be too cheap to ignore.
Shares of the investment bank have fallen 7.7% so far this year, part of a broader bear thesis on the financials that has descended on Wall Street. But to see a premier investment banking franchise such as Goldman trade at a mere 9.3 times forward earnings, one can’t help but to wonder if a rare opportunity now exists.
Much could also be said about the so far seamless CEO transition from long-time leader Lloyd Blankfein to David Solomon.
