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Wednesday
Jan182012

Goldman Beats, Next Up -- Morgan Stanley

DateWednesday, January 18, 2012 at 10:34AM

Below are charts showing the change in consensus Q4 earnings per share estimates for Goldman Sachs (GS) and Morgan Stanley (MS) over the last six months.  As shown, six months ago, analysts were expecting Goldman to earn $4.50 and Morgan Stanley to earn $0.60 in the fourth quarter.  As of yesterday, estimates had cratered for both companies down to $1.22 for GS and -$0.57 for MS. 

Have analysts overshot to the downside?  They did for Goldman at least, as this morning the company reported actual Q4 EPS of $1.84.  Morgan Stanley reports tomorrow morning.

Subscribe to Bespoke Premium and gain access to our 2012 outlook piece -- The Bespoke Report -- when it is released this Friday.

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