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Citigroup takes its whacks at the big bank pinata, cutting Q2 earnings estimates on Goldman...

Citigroup takes its whacks at the big bank pinata, cutting Q2 earnings estimates on Goldman Sachs (GS), Morgan Stanley (MS) and JPMorgan Chase (JPM). Although Citi cut share price targets for GS and MS, it believes each bank’s price already is so battered that lower expectations may not hurt the stocks much. But today: GS -1.4%, MS -1.1%, JPM -0.9%. (earlier)
Comments (2)
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    In other word Citi is saying its own business is not doing good and downgrading itself.
    20 Jun 2011, 03:23 PM Reply Like
  • Deltascared
    , contributor
    Comments (289) | Send Message
     
    Yes, but this is apparently predicated on commodities and not Greek or Euro fallout. See/ All kinds of ways to lose money. The stock of MS should be at 32 or so. And GS under $140 seems cheap. Maybe we need another bailout.
    20 Jun 2011, 05:28 PM Reply Like
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