From DealBook:
Richard X. Bove, one of the most bearish stock analysts covering Goldman Sachs, has had an about-face on the firm’s role in the credit crisis.
“It is becoming increasingly apparent that a terrible wrong may have been done to Goldman Sachs,” Mr. Bove, a Rochdale Research analyst, wrote in a recently released report on the big Wall Street firm. “Evidence is now mounting that the company did not have a net short position at a crucial time under study and that the Senate Committee may have misread the numbers.”
Nonetheless, Mr. Bove is keeping his “sell” rating on Goldman’s stock....MORE
