John Eade Cheap Quotations

We look for the economy to turn around, M&A to pick up, investment banking to pick up, and Goldman is very cheap now. We've got a $120 target price on it.

The Fed is moving to the sidelines, 50 percent of the regional banks businesses as a rule are still related to the direction of interest rates. We think interest rates are headed lower. Capital markets remain very active. Fleet is in that business. They have an investment banking division, too, now. So the shares are quite cheap at about 13, 14 times earnings.