Credit Suisse is cutting EPS estimates and PTs for Goldman Sachs (GS) and Morgan Stanley (MS)....

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

Credit Suisse is cutting EPS estimates and PTs for Goldman Sachs (GS) and Morgan Stanley (MS). However, the firm is reiterating its Outperform ratings, believing Goldman and Morgan shouldn't be trading below their respective book values of $122 and $27, given their healthy balance sheets, strong liquidity, and manageable asset and litigation risks.