Bank and Broker Full Year EPS Estimates

Since March 9th, most financials have seen their share prices rise significantly, but have their earnings estimates risen as well? Below we highlight the share prices and 2009 earnings per share estimates since March 9th for Goldman Sachs (GS), Morgan Stanley (MS), JP Morgan (JPM), and Bank of America (BAC).

As shown, earnings estimates for Goldman have increased significantly along with the stock, but they are lower than where they were on March 9th for MS, JPM, and BAC.

click to enlarge

Comments

[discov:]

The earnings estimates are screwed up because accounting is screwed up with "mark to model". I have been relying only on TA when trading financials tinyurl.com/lzu8ba

Jun 10 07:10 PM

[100%:]

Where did you get the earnings numbers? Did you compensate for the short time period at the end of 2008 during which GS wrote everything down and then readjusted the quarter clock? Isn't it nice when you can take charges secretly and then report glorious quarters?

Are you shorting MS/JPM based on this "analysis"? Do you honestly believe anyone will join you? Sneaky and dangerous of you.

I personally like all of them though keeping them for any period is a delicate matter that everyone should decide on their own.

Jun 10 10:36 PM

[LoveShorting:]

Thanks, discov & 100% (short GS ... Enron fell eventually and so will the evil empire)

Jun 11 08:44 AM

[Emerald:]

GS will look to lay off their bank charter in 2011 through a spin off of their investment banking group. Thanks taxpayers for the cheap money!

Jun 11 11:49 AM