Thursday, June 24, 2010


Rochdale analyst Dick Bove lowered his projection for Goldman Sachs [GS 133.64 -1.43 (-1.06%) ] earnings to $1.93 a share from his prior estimate of $2.93 a share, citing a variety of factors, including a slowdown in the economy and a hefty charge for a one-time bonus tax in London. Not only is the estimate a full dollar below his prior estimate, but it's less than half that of the mean estimate of $4.10 a share.

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