Goldman Cut to 'Neutral' by Analyst Whitney

Stock quotes in this article: GS , JPM , C , BAC  

Updated from 3:19 a.m. EDT

NEW YORK (TheStreet) -- Goldman Sachs (GS Quote) was downgraded Tuesday to "neutral" from "buy" by banking analyst Meredith Whitney.

Goldman shares were down less than 2% in premarket trading Tuesday. The stock closed at $190.15 on Monday.

The investment bank reports earnings Thursday, in a week filled with reports from banking giants such as JPMorgan Chase(JPM Quote), Citigroup(C Quote) and Bank of America(BAC Quote).

Whitney, famous for predicting the downturn in the banking industry, had rated Goldman a "buy" in July and said in September the company "still has a lot of gas in its tank," according to Bloomberg. It was her only "buy" recommendation.

Whitney launched her own firm -- Meredith Whitney Advisory Group -- in February after leaving Oppenheimer & Co.

-- Reported by Joseph Woelfel in New York .

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