The bank star analyst Meredith Whitney is lowering estimates for Goldman Sachs and Morgan Stanley.
Meredith Whitney Advisory Group lowered estimates for Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS):
On Goldman Sachs, the firm lowered Q4 EPS estimates from $6.38 to $6.00 (cons $5.59), FY09 from $19.95 to $19.57 (cons $19.29), FY10 from $21.73 to $16.75 (cons $18.78), and FY11 from $24.04 to $20.60. The firm set 2012 EPS at $21.45.
On Morgan Stanley, the firm lowered FY10 EPS estimates from $2.63 to $2.60 (cons $3.32) and FY11 from $3.28 to $2.75. The firm set 2012 EPS at $2.90.
Meredith Whitney has a Neutral rating on both stocks. in Street Insider
Goldman Sachs stocks are trading down 1.7% in pre-market action.
6 comments:
She is sending a signal now to buy.
The stock has been rather weak recently
There are rumors that the GS traders are driving the stock down to be paid in cheaper stock (this year`s bonuses will not be in cash but in GS stocks)
didn't she do this last quarter too ?
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