Financial Services
Whitney Cuts Goldman, Morgan Estimates
Whitney's cuts on Morgan Stanley weren't quite as dramatic in the near term. She lowered her estimate of fiscal 2010 down 3 cents to $2.60 a share, but dimmed her view of fiscal 2011 by a wider margin, forecasting a profit of $2.75, a level that's 16.2% below her prior estimate of $3.28 a share.
Wall Street's current average views are for Morgan Stanley to report earnings of $3.28 a share in fiscal 2010 and $3.71 a share in fiscal 2011. Whitney has neutral ratings on both stocks. Written by Michael Baron in New York.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
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