BofA Merrill's Moszkowski cuts broker Q4 EPS view

Discussion in 'Stocks' started by ASusilovic, Dec 29, 2009.

  1. LONDON (MarketWatch) -- Bank of America Merrill Lynch analyst Guy Moszkowski cut his fourth-earnings estimates for U.S. brokerages, citing trading deceleration starting in mid-November. His estimate on Goldman Sachs EPS was cut to $5.74 from $6.57, on Morgan Stanley was cut to 40 cents from 47 cents, on J.P. Morgan Chase was cut to 68 cents from 71 cents and was left unchanged at Citi with a 36 cent loss due to its large share base.

    This explains weak financials yesterday...