Financial services giants Morgan Stanley (
) and Goldman Sachs (
) on Thursday both saw their earnings estimates lowered by analysts
at Credit Suisse.
The firm cut its Q4 EPS estimates for MS to just 20 cents, down
all the way from a prior outlook of 60 cents. It also lowered its
full-year 2010 estimates significantly, citing choppy market
conditions. Still, the analyst maintained "Outperform" rating and
$35 price target (28% upside).
Meanwhile, Credit Suisse lowered its full-year 2010 EPS
estimates for FS to $13.08, down 9% from its prior outlook of
$14.45. The firm maintained its "Outperform" rating on GS, however,
as well as its $190 price target (13% upside).
Morgan Stanley shares fell 19 cents, or -0.7%, in premarket
trading Thursday, while Goldman Sachs shares were mostly flat.
The Bottom Line
Shares of Morgan Stanley have a .73% dividend yield, based on last
night's closing stock price of $27.28. Shares of Goldman Sachs (
) have a .84% dividend yield, based on last night's closing stock
price of $167.63.
Morgan Stanley (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.2 out of 5 stars. Goldman Sachs (
) is a "Recommended" dividend stock, holding a Dividend.com DARS™
Rating of 3.5 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
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