Fox-Pitt Kelton Slashes Estimates on Goldman Sachs (GS)
Tweet
Share
E-mail
Get Alerts GS Hot Sheet
Price: $935.45 +1.32%
Rating Summary:
16 Buy, 23 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 19
Rating Summary:
16 Buy, 23 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 19
Join SI Premium – FREE
Fox-Pitt Kelton cut Q4 EPS estimates on Goldman Sachs (NYSE: GS) and now sees a loss at the investment bank for the quarter due to an estimated $2.7 billion mark-down on principal investments.
The firm now sees a loss of $1.55 per share at Goldman, versus its prior view of $2.59 profit. The firm cut its '09 EPS estimate to $9.08 from $12.15. They said Goldman's principal investment portfolio will likely sees an unusually large markdown due to the dramatic slide in global equities.
Shares of Goldman are down 3.8% in pre-open trading today to $68.50 and down 60% over the past three months.
The firm now sees a loss of $1.55 per share at Goldman, versus its prior view of $2.59 profit. The firm cut its '09 EPS estimate to $9.08 from $12.15. They said Goldman's principal investment portfolio will likely sees an unusually large markdown due to the dramatic slide in global equities.
Shares of Goldman are down 3.8% in pre-open trading today to $68.50 and down 60% over the past three months.
You May Also Be Interested In
- Kotak Starts Dhoot Transmission (DHOOTTRA:IN) at Sell (4)
- Meridian Mining Plc (MNO:CN) PT Raised to GBP3.75 at BMO Capital
Create E-mail Alert Related Categories
Analyst Comments, Insiders' BlogRelated Entities
Goldman Sachs, Fox-Pitt KeltonSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
