Oppenheimer released a report yesterday in which they characterized banking stocks as being "cheap".
Oppenheimer has a price target of $59 on Citigroup (NYSE:
C), $205 on Goldman Sachs (NYSE:
GS), $62 on J.P. Morgan (NYSE:
JPM), $31.50 on Morgan Stanley (NYSE:
MS), $30 on US Bancorp (NYSE:
USB), and $38 on Wells Fargo (NYSE:
WFC).
On Monday, these shares closed at the following prices: Citigroup at $40.16, Goldman Sachs $135.84, J.P. Morgan $42.55, Morgan Stanley $23.69, U.S. Bancorp $24.93, and Wells Fargo $27.53.
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