Markets Magazine
Goldman Gets 38% Right as No. 1 Firm Rating Financial Companies
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It’s been a rough three years for banks, securities firms and insurers -- even rougher for the analysts whose job it is to predict how the stocks of these firms will perform, Bloomberg Markets reports in its November issue.
Starting in the second half of 2007, the financial system unraveled. First, the market for securities backed by subprime mortgages collapsed. By the second half of 2008, stock markets around the world were in free fall. Then, starting in March 2009, stocks roared back in the most powerful rally since the 1930s.