According to the Wall Street Journal…here come the earnings hatchets! It’s becoming a daily ritual. As Wall Street prepares to close the books on a pretty brutal second quarter, the market scribblers are ratcheting down earnings expectations.
Today, it’s the turn of the equity analysts at Deutsche Bank. They push 2Q earnings estimates on Goldman to $2.10 a share from $2.55, and take down expectations for Morgan Stanley earnings to 38 cents a share from 42 cents.
The culprit, of course, is the slowdown in trading…
Find out about the rest at: http://blogs.wsj.com/deals/2011/06/24/estimates-whacked-again-for-goldman-morgan-stanley/?mod=
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