Updated from 3:19 a.m. EDT

NEW 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 .

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