Meredith Whitney cuts profit estimates for Goldman and Morgan Stanley

Closely watched research firm Meredith Whitney Advisory Group on Thursday cut its profit estimates for investment banks Morgan Stanley and Goldman Sachs Group Inc. Whitney cut her fourth-quarter earnings forecast for Goldman to $6 a share from $6.38, while her full-year view was dropped to $19.57 from $19.95 a share. Goldman's 2010 estimate went to $19.65 from $21.73 a share, and the 2011 outlook was lowered to $20.60 a share from $24.04. Meanwhile, Whitney cut her 2010 estimate for Morgan Stanley to $2.60 from $2.63 a share, and dropped the 2011 forecast to $2.75 a share from $3.28.

http://www.marketwatch.com/story/citigroup-goldman-sachs-in-focus-2009-12-17

 

Nice timing. Aren't both stocks off about 20% from their highs already?

 

Earnings may go down but P/E multiples can go up.

 

is it me or is she scary ?

 

this woman thinks because she got 1 or 2 calls correct she can start her own firm.......my guess is she faces bankruptcy in a few yrs time