Banking, finance, and taxes
Lehman Set To Lead Broker Earnings Ahead of the FOMC (LEH, BSC, MS, GS)
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We compiled a summary of the key brokers reporting this week, and here you can see a full detailed preview that we offered on Friday for the whole sector with more detailed data:
Lehman Brothers (NYSE:LEH) reports on Tuesday (9/18) and estimates are $1.47 EPS & Revenues of $4.3 Billion. Estimates were a dime higher two weeks ago and were $1.81 EPS 60 to 90 days ago.
Morgan Stanley (NYSE:MS) reports on Wednesday. Morgan Stanley is expected to post $1.53 EPS & $8.3 Billion in revenues. Estimates were $1.60 two weeks ago and were over $1.82 90-days ago.
On Thursday (9/20) we get the dual reports from Bear Stearns (NYSE:BSC) and from Goldman Sachs (NYSE:GS). Bear Stearns (NYSE:BSC) is expected to post $1.78 EPS on $1.65 Billion in revenues. Just two weeks ago, estimates were over $2.00, and were $3.00+ over 60 to 90 days ago. Goldman Sachs (NYSE:GS) is expected to post $4.35 EPS & $9.55 Billion in revenues. Goldman Sachs has seen the least amount of estimate changes of the bulge bracket firms.
Jon C. Ogg
September 17, 2007
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