Bank stocks aren't known for their big returns, but contributor Matt Frankel thinks Goldman Sachs (NYSE:GS) could be an exception. In this Fool Live video clip, recorded on Oct. 18, Frankel explains to Industry Focus host Jason Moser why he thinks Goldman could be a $1,000 stock in just a few years. 

Matt Frankel: I'm going to make a bold prediction and say that Goldman Sachs will be a $1,000 stock within five years.

Jason Moser: Wow.

Frankel: Well, I'll actually walk that back and say, I think Goldman Sachs should be a $1,000 stock today. That would put it at about 22 times earnings which really isn't much of a stretch when you look at the rest of the market.

Moser: It feel like it would be.

Frankel: If it turns out they can keep growing their consumer business as they have been and it looks like their investment banking division maintains its lead, I think this could be their time. That's a stock that has not historically gotten the market's love. They had a negative stigma attached to their name for the longest time. They're really trying to renovate or reinvent themselves with their consumer banking division, which they're doing a fantastic job of. I think Goldman Sachs is going to be a big performer, especially as interest rates rise, right now they're building their consumer banking division into a low interest environment.

Moser: Yeah.

Frankel: As rates rise, I think they could be a big winner in that too. There's a lot to like about it.

Moser: This past week's Motley Fool Money, Chris Hill asked me that very same question, I was going over these banks for the show. It's interesting you went with Goldman because I was noodling between two. It was Goldman and Bank of America (NYSE:BAC). Now, I ended up calling out Bank of America as my winner, really I felt like revenue growth, 12%, 15% boosted deposits. I mean, that record investment banking net and there's just a lot to like about the quarter. I figured men, when I was picking Bank of America that Matt Frankel will be proud of me for doing this. There you go picking Goldman so oh, well.

Frankel: It's tough to make an argument against Bank of America.

Moser: I'm just giving you a hard time. I agree. To me, Goldman and Bank of America stood out as real two winners there. I think you're absolutely right Goldman has a lot going for it, so wouldn't shock me to see them continue that success.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.