Barclays Capital Cuts Earnings Estimates for Morgan Stanley, Goldman Sachs (MS, GS)

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Financial services giants Morgan Stanley ( MS ) and Goldman Sachs ( GS ) both saw their earnings estimates cut on Monday by analysts at Barclays Capital.

On MS, the firm lowered its 2010 EPS estimate to $2.01, citing a lower core FICC outlook and narrower credit spreads. Barclays maintained its "Equal Weight" rating and $34 price target on MS, which implies a nearly 30% upside.

Meanwhile, the analyst lowered its 2010 EPS estimate for GS to $13.40, citing a less favorable revenue mix. Barclays also maintained its "Equal Weight" rating and $175 price target on GS, implying a nearly 7% upside.

Both Morgan Stanley and Goldman Sachs shares were mostly flat in premarket trading Monday.

The Bottom Line
Shares of Morgan Stanley ( MS ) have a .76% dividend yield, based on Friday's closing stock price of $26.24.
Shares of Goldman Sachs ( GS ) have a .85% dividend yield, based on Friday's closing stock price of $164.04.

Morgan Stanley ( MS ) and Goldman Sachs ( GS ) are not recommended at this time, holding Dividend.com DARS™ Ratings of 3.2 and 3.4 out of 5 stars, respectively.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: GS , MS

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