Goldman Sachs Earnings Expectations Slashed

Sarah Butcher reports:

Yesterday, a nasty thing happened to Goldman Sachs. Analysts at Barclays Bank slashed its predicted Q2 EPS by 65%. They also reduced their Q2 estimates for Goldman’s M&A revenues by 25%, for Goldman’s ECM revenues by 50%, and for Goldman’s DCM revenues and core FICC and equities revenues by 40%. In total, the bank’s Q2 revenues are now predicted to be 32% lower than originally expected, what with the volatility of the second quarter.

Did I mention Goldman was a great short? Oh yeah, I did--months ago.