Monday, December 20, 2010

Goldman's (NYSE:GS) EPS Cut by Barclays (NYSE:BCS)

There have been a number of comments from analysts today on the banking sector, which most of them being on the more bearish side, including Goldman Sachs (NYSE:GS), which had their fourth quarter EPS estimates lowered by Barclays (NYSE:BCS).

Barclays lowered them it from $4.15 to $4, saying they're looking for a higher DVA lose because of shrinking credit spreads. They also have a more bearish take on the core FICC of Goldman.

Morgan Stanley (NYSE:MS) was also lowered by Barclays concerning their fourth-quarter EPS, dropping it from 25 cents to a minuscule 2 cents a share.

Morgan Stanley was trading at $26.33, up $0.09, or 0.34 percent, as of 11:48 AM EST. Goldman was trading at $165.92, up $1.88, or 1.15 percent, as of 11:48 AM EST.

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