Tuesday, December 21, 2010

Bank of America (NYSE:BAC) On Morgan Stanley (NYSE:MS) JPMorgan (NYSE:JPM), Goldman (NYSE:GS) and Citigroup (NYSE:C)

With most bank earnings falling over the last month, Bank of America (NYSE:BAC) has revised some of their EPS estimates for financial institutions for the fourth quarter, including bank majors Morgan Stanley (NYSE:MS), JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Citigroup (NYSE:C).

Out of those banks listed above, only Morgan Stanley had their EPS estimate upwardly revised by Bank of America, which increased it from 40 cents to 49 cents.

Citigroup was kept where they were at, with their EPS estimates reiterated at 8 cents.

JPMorgan had their EPS estimate lowered from $1.02 to 98 cents by Bank of America.

Goldman Sachs had the worst downwardly revised EPS estimate numbers for the fourth quarter, dropping from $4.77 to $3.73,

Citigroup was trading at $4.74, up $0.03, or 0.64 percent, as of 2:53 PM EST. Morgan Stanley traded at $26.77, up $0.51, or 1.94 percent. JPMorgan was trading at $40.96, up $1.01, or 2.53 percent. Goldman Sachs was at $168.55, gaining $2.50, or 1.51 percent.

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