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SEP 27, 2013 - MarketWatch

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Goldman, Morgan estimates cut by Bernstein analyst

NEW YORK (MarketWatch) -- Goldman Sachs Group Inc. and Morgan Stanley had their earnings estimate cut by Sanford C. Bernstein analyst Brad Hintz on Friday, according to a note in Bloomberg. The estimates were lowered by the top Wall Street analyst amid reports of lower than expected trading revenue in the quarter. Fixed income trading could be down as much as 25%, said Hintz in the note. Goldman Sachs's third-quarter earnings estimate was cut 15% to $2.62 a share and the full-year estimate was cut to $15.59 per share, down 8.6% from the previous estimate. Hintz cut Morgan Stanley's ... Read More

Tags: Goldman, Morgan estimates cut by Bernstein analyst,  Morgan Stanley Latest News