Here’s an excerpt from Bespoke Investment Group on Goldman. Click here for more. 
Goldman: What Have You Done For Me Lately
"Remember when Goldman Sachs (GS) was considered the cream of the crop in the Financial sector and could do no wrong? After avoiding the subprime mortgage crisis, Goldman Sachs justifiably cemented its reputation on Wall Street that it was the most adept trading firm on the street. But just like everything else on Wall Street, investors may have taken this line of thinking to extremes. Suddenly, it seemed that any time Goldman Sachs put out a research report, the call made headlines regardless of what the specific analyst’s record was. When one of their analysts said oil could hit $200 in the not too distant future, rather than question the analyst’s thesis as to what besides a rising price justified the increase in his target (which had been $95 in December), investors just wanted to know when.
Recently, sentiment on Goldman Sachs (GS) has turned negative, as more and more analysts are questioning its King Midas reputation. In our weekly look at analyst earnings estimate revisions for Bespoke Premium subscribers, Goldman Sachs showed up on the list of stocks with the most negative estimate revisions…."
