Goldman Sachs May Benefit From Banking Regulation, Citigroup Analyst Says

Goldman Sachs Group Inc. executives said that new rules on trading over-the-counter derivatives may benefit the firm because of the company's technological edge, according to Citigroup Inc. analyst Keith Horowitz.

Horowitz and his team raised their earnings-per-share estimates for New York-based Goldman Sachs, and said in a note to investors yesterday that they are "more optimistic" about the firm's ability to cope with regulatory reform. The note followed meetings with Chief Financial Officer David Viniar, President Gary Cohn, Harvey Schwartz and David Heller, the co- heads of Goldman Sachs's securities trading business, and David Solomon, co-head of the investment-banking division.