Banking analyst Mike Mayo lowers estimates for Goldman Sachs (GS -0.8%) and Morgan Stanley (MS...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Banking analyst Mike Mayo lowers estimates for Goldman Sachs (GS -0.8%) and Morgan Stanley (MS -1.3%), but keeps his “buy” rating on Goldman, which "should adjust to new regulation faster than peers... [It] has also been through the wringer, so it may be relatively safer than others who we believe are now increasingly scrutinized by regulators.”