Another day, another analyst ax to forecasts for big banks (XLF -2.1%): This time, it's Nomura...

|By:, SA News Editor

Another day, another analyst ax to forecasts for big banks (XLF -2.1%): This time, it's Nomura cutting Q4 earnings estimates for several, citing “the difficult trading backdrop, soft investment banking trends [and] limited expense flexibility." Share price targets are lowered: BAC to $7 from $8, C to $36 from $38, GS to $130 from $141, MS to $18 from $20.