Goldman Sachs could profit as IPO and merger activity climbs: analyst

Goldman Sachs Group Inc.’s stock was initiated with a buy rating at Edward Jones on Tuesday on expectations the it will outpace other financial stocks over the next five years as capital-market activity picks up. Analyst James Shanahan said a stronger environment for mergers and acquisitions as well as for initial public offerings “could be a strong catalyst for revenues and earnings” at Goldman Sachs GS, +0.15%.Goldman Sachs’s stock was up fractionally on Tuesday. The st