Banking analyst Meredith Whitney has cut her earnings estimates on Goldman Sachs for the second time in less than a month.
She lowered her fourth quarter estimate for Goldman Sachs to $5.50 from $6.
She also cut her full-year estimate for Goldman for 2010 from $19.65 to $19.20; her 2011 earnings per share estimate from $20.60 to $20.25; and her 2012 estimate from $21.45 to $21.10.
Whitney had previously cut her estimates for Goldman on Dec. 17.
She is just playing with the size of the cuts here and has no real clue as to where the actual earning number will come in, but she has the trend right.
Shares of Goldman Sachs fell immediately after the news, but then rebounded and closed higher on the day at 176.14, up 3.06.
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