Merrill Cuts Goldman Sachs (GS) Q1 Estimates

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The analyst who covers Goldman Sachs (NYSE: GS) for Merrill Lynch does not like what he sees, He has cut his earnings estimates for the first quarter from $3.97 to $2.31.

“Based on recent market movements, we are trimming our first- quarter forecast,” Guy Moszkowski wrote. “Market action in February has been such that we need to take another look," quoted by Bloomberg.

Douglas A. McIntyre