Tuesday, September 27, 2011

Meredith Whitney cuts Goldman and Morgan Stanley....

CNBC reports Meredith Whitney slashing her Q3 EPS estimate for Goldman Sachs (GS) to $0.31 from $3.39 and consensus of $1.13. She lowers her FY12 estimate to $7.85 from $15.30 and against consensus of $15.09. Just last week Barclays said it expects Goldman to report a loss in Q3.

She also cuts her Q3 estimate for Morgan Stanley (MS) to $0.28 from $0.53 and consensus $0.37. She brings down FY12 to $2.14 from $2.50 and against consensus of $2.48. Again, Barclays remains the lowball, seeing a Q3 of just $0.12.

No comments: