Goldman Sachs Group, Inc. (GS): Banks Like These Warm Macro Waters

Even the macro news from beleaguered Europe is encouraging. European Central Bank President Mario Draghi said in a press conference that the ECB’s interest rates would stay at or below their current levels for quite some time. So the Europeans won’t soon be putting the brakes on their battered economy, which has been showing a faint heartbeat lately. Most of the major American financials have operations and investments on the continent, so by and large, Draghi’s comments are a positive for them. Who needs a scary bump in that market?

Not those happily swimming financials, that’s for sure. The surf’s up, the water’s fine, and the days are sunny just now.

The article Banks Like These Warm Macro Waters originally appeared on Fool.com and is written by Eric Volkman.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends Bank of America, Goldman Sachs, and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.

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