Tuesday, January 25, 2011

Bank of America (NYSE:BAC) EPS Estimates Cut by Meredith Whitney, Amex (NYSE:AXP) Boosted

Bank of America (NYSE:BAC) had its EPS estimates slashed by Meredith Whitney, while Amex had their EPS increased by the analyst.

For Bank of America, Whitney lowered its full year 2011 EPS estimate from $1.47 to $1.10, and full year 2012 EPS estimate from $1.62 to $1.50.

American Express was increased for full year 2011 from $3.72 to $4.15, and for full year 2012 from $4.14 to $4.95.

Bank of America was trading at $13.45, down $0.47, or 3.38 percent, as of 3:01 PM EST. American Express was trading at $44.38, down $1.41, or 3.08 percent, as of 3:02 PM EST.

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