Analysts at Bank of America/Merrill Lynch on Tuesday cut their earnings estimates for Goldman Sachs (GS), JPMorgan Chase (JPM), and Morgan Stanley (MS).
The analyst cited a seasonal slowdown in trading activity for the following estimates being lowered:
•Goldman Sachs Q4 EPS estimates cut from $6.57 to $5.74 U.S., FY09 cut from $20.42 to $19.54 U.S.
•Morgan Stanley Q4 EPS estimates cut from $0.47 to $0.40 U.S., FY09 lowered from a loss of $0.58 to a loss of $0.66 U.S.
•JPMorgan Chase Q4 EPS estimates cut from $0.71 to $0.68 U.S., FY09 cut from $2.24 to $2.20 U.S.
The Bottom Line
Shares of GS have a dividend yield of .85%, based on last night's closing stock price of $163.76 U.S. Shares of MS have a dividend yield of .68%, based on last night's closing stock price of $29.29 U.S. Shares of JPM have a dividend yield of .48%, based on last night's closing stock price of $41.72 U.S.
None of the dividend stocks mentioned in this article are currently recommended.
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