Monday, January 9, 2012

Gloomy Q4 Outlook For Goldman Sachs and Morgan Stanley, (But There Is Hope, Well….Sort Of)


BusinessInsider reports that Ticonderoga Securities released a note this morning on Goldman Sachs and Morgan Stanley's Q4 performance, lowering earnings per share estimates for both banks, citing weaker revenue expectations from negative economic conditions.

Goldman Sachs (earning release Jan. 18): lowered to $0.97 per share from a previous estimate of $4.12/share. Morgan Stanley (earnings release Jan. 19): lowered to a loss of $0.59 per share from a formerly expected profit of $0.40 per share……


Read more: http://www.businessinsider.com/q4-estimates-lowered-for-goldman-morgan-2012-1?nr_email_referer=1&utm_source=Triggermail&utm_medium=email&utm_term=Clusterstock%20Select&utm_campaign=Clusterstock%20Select%20Mondays%202012-01-09#ixzz1iyIDl0la

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