Keefe, Bruyette & Woods Lowers Estimates for Goldman Sachs, Morgan Stanley (GS, MS)

By
A A A
Share |

Financial services giants Goldman Sachs Group, Inc. ( GS ) and Morgan Stanley ( MS ) both saw their earnings estimates cut on Tuesday by analysts at Keefe, Bruyette & Woods.

The firm said it lowered its fourth quarter 2010 EPS estimate for GS from $3.95 to $3.65, citing lower trading expectations. Still, KBW maintained its "Outperform" rating on GS and its $210 price target, which implies a healthy 21% upside to the stock's Monday closing price of $173.05.

Meanwhile, KBW cut its fourth quarter 2010 EPS estimate for MS from 40 cents to 35 cents, and its full-year 2010 estimate from $1.75 to $1.70, also citing lower expected trading results. The firm continues to rate MS as "Market Perform."


Goldman Sachs shares were mostly flat in premarket trading Tuesday, while Morgan Stanley shares rose 18 cents, or +0.6%.

The Bottom Line
Shares of Goldman Sachs ( GS ) have a .81% dividend yield, based on last night's closing stock price of $173.05. Shares of Morgan Stanley ( MS ) have a .71% dividend yield, based on last night's closing stock price of $28.23.

Goldman Sachs Group, Inc. ( GS ) is a "Recommended" stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Morgan Stanley ( MS ) is not recommended at this time.

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.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: GS , MS

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

60%
69%

Most Active by Volume

33,974,386
  • $17.98 ▲ 0.28%
20,763,901
  • $91.29 ▲ 2.06%
19,110,793
  • $7.26 ▼ 1.22%
18,528,869
    $8.33 unch
18,014,920
  • $4.19 ▼ 1.18%
16,448,919
  • $25.83 ▼ 0.19%
14,748,190
  • $7.60 ▼ 1.43%
14,144,383
  • $112.01 ▼ 0.47%
As of 12/24/2014, 02:12 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com