In this video, Matt Koppenheffer describes the one key opportunity for investors to pile into Goldman Sachs. In a nutshell, Goldman is an investment bank with a competitive edge over its competitors that is also selling at a discount. There are other big banks around, but big customers vote with their feet, and they are going to Goldman. Traditionally, Goldman sells for two or three times tangible book value, and right now, it's selling a bit above tangible book value. So investors have an opportunity to buy a leader in the investment banking business well below its traditional valuation.
Matt Koppenheffer owns shares of Goldman Sachs. The Motley Fool recommends Goldman Sachs. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.