Keefe, Bruyette & Woods said their outlook for Goldman Sachs (NYSE:GS) concerning their trading isn't as strong as they had thought, and are lowering their 4Q10 EPS estimates as a result.
The adjustment in the EPS estimate was to drop it from $3.95 to $3.65.
Keefe noted that the change in trading will probably negate the stronger investment banking projection they have for Goldman, neutralizing the effect on the company.
Keefe, Bruyette & Woods maintain their "Outperform" on Goldman, which was trading at $172.34, falling $0.71, or 0.41 percent, as of 12:31 PM EST. They have a price target on Goldman of $210.
Tuesday, January 4, 2011
Goldman's (NYSE:GS) Trading Weakness May Offset Investment Banking
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Goldman Sachs
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