Goldman: Financial Winners and Losers

(Updated with final stock price moves, CIT pre-packaged bankruptcy report.)

NEW YORK (TheStreet) -- Goldman Sachs (GS Quote) was among the winners of the financial sector Wednesday after separate analysts raised full-year earnings estimates and stock price targets for the bank.

Goldman Sachs finished higher after a choppy session after Keefe, Bruyette and Woods analyst Robert Lee raised his full-year 2009 earnings estimate for the bank to $17.58 a share from $16.31 and his 2010 estimate to $18.80 a share from $16.90. Lee said the revisions reflect higher asset values and somewhat better asset management and investment banking revenues. He also raised his stock price target for Goldman to $215 from $195.

Credit Suisse also boosted its price target and earnings estimates for Goldman. The firm raised their stock price target to $210 from $180 and upped their 2009 full-year estimate to $19 a share from $17.25, citing robust trading results.

Goldman Sachs shares spent time in positive and negative territory before finishing the day higher by 77 cents, or 0.4%, at $184.35.

Meanwhile, KBW's Lee offered a mixed view on Morgan Stanley (MS Quote), lowering his 2009 earnings estimate to a loss of $1.14 a share from a loss of 90 cents while raising his 2010 full-year view to a profit of $3.30 a share from $3.20. Lee said the lower 2009 estimate is a result of somewhat lower trading revenue.

Credit Suisse increased its stock price target for Morgan Stanley to $30 from $20 while lowering its full-year 2009 estimate to a loss of 61 cents a share from a loss of 20 cents a share, reflecting a variety of headwinds including the continued work-downs of legacy real estate exposures and losses from the tightening credit spreads.