Bloomberg reports that Analysts at Goldman Sachs have upgraded the financials sector attractive from neutral, thus they have upgraded their own sector. XLF is up 1.3% in pre-market.
We know that banks can borrow at zero % and lend at 4%, and thus can make lots of free money, thanks to the Fed, and to the crisis they themselves created:
GS upgraded Wells Fargo (WFC) to buy, and Capital One (COF) was added to their "Conviction Buy" list! Amazing.
Next we may see JPM upgrading GS.