Updated from 3:19 a.m. EDTNEW YORK ( TheStreet) -- Goldman Sachs ( GS) 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), Citigroup ( C) and Bank of America ( BAC). 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 . Follow TheStreet.com on Twitter and become a fan on Facebook.
More from Stocks
What JPMorgan's Cryptocurrency Launch Means for the Markets
Kenny Polcari, managing principal at Butcher Joseph Asset Management, weighs in on how the JPMorgan cryptocurrency can impact markets.
CBS Shares End Higher Despite Earnings Missing Analysts' Forecasts
Fourth-quarter and full-year earnings ring in below analysts' forecasts, though the company hits goal of 8 million online-streaming subscribers earlier than expected.
Oracle Shares End Higher After Warren Buffett's Berkshire Hathaway Dumps Stake
Oracle also announces buyback of $12 billion of common stock.