In July, U.S. investment bank Goldman Sachs reported second-quarter earnings per share of $6.26, crushing analyst estimates of $3.78. The earnings beat was driven by a 150% year-over-year jump in bond trading revenue and a 46% gain in equities trading revenue. For analyst Kenneth Leon, the resilience Goldman demonstrated in the second quarter was reason enough to upgrade the stock. Leon says Goldman's heavy skew toward trading and relatively low exposure to loan losses should help the stock outperform most of its big bank peers. CFRA has a "strong buy" rating and $245 price target for GS stock.