Goldman Sachs (GS) shares are up nearly 2% in premarket trading Tuesday morning after analysts at JPMorgan Chase upgraded the giant investment house to overweight from neutral, saying the firm won't need to raise any additional money to satisfy new capital rules.

The analysts didn't feel the same about Deutsche Bank (DB), however, which they downgraded to underweight from neutral. According to JPMorgan's analysis of the bank's capital levels, Deutsche Bank's capital deficit has risen to 14 billion euros ($17.6 billion) from 7 billion euros. That means the bank would need to raise equity.

While Goldman Sachs takes more risk, JPMorgan said the firm is best in managing each unit of risk, according to MarketWatch.

Goldman Sachs shares have lost nearly 30% of their value since it was charged with civil fraud by the U.S. Securities and Exchange Commission. A criminal probe launched by federal prosecutors two weeks later only made matters worse, sinking the stock further and prompting several downgrades.

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