Whitney downgrades Goldman Sachs

Her only financial “buy” last quarter is no longer such after she downgraded the former investment bank today to “neutral” days before it releases earnings.   Here’s the release, courtesy of the FT:

MWGSDownAnd she explains the reason behind move:

MWGS1MWGS2

She also provided her views on the upcoming Q3 earnings:

MWGS3

Source: FT Alphaville 1, FT Alphaville 2

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