Credit Suisse Cuts Earnings Estimates for Morgan Stanley, Goldman Sachs (MS, GS)

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Financial services giants Morgan Stanley ( MS ) and Goldman Sachs ( GS ) 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 ( GS ) have a .84% dividend yield, based on last night's closing stock price of $167.63.

Morgan Stanley ( MS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Goldman Sachs ( GS ) 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 .



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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