Rules changes and investment banks cannot do prop trading now. Though I hear they changed again, quietly, and now they sort of can. The point is, this is some

Rules changes and investment banks cannot do prop trading now. Though I hear they changed again, quietly, and now they sort of can. The point is, this is some analyst writing it. I’m sure it doesn’t go against the business and trading positions of GS, but it is some minor part of a big picture. Overall, public analyst recommendation are pretty much uncorrelated with future returns.