Amid the Brexit which has clouded the outlook, according to Bank of America Merrill Lynch's Michael Carrier, the analyst lowered second quarter, FY16 and FY17 earnings estimates on Morgan Stanley MS and Goldman Sachs Group Inc GS.
Morgan Stanley estimates:
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- from $2.60 to $2.50 for FY16
- from $3.25 to $2.95 for FY17
- from $3.19 to $3 for the second quarter
- from $13.90 to $13.40 for FY16
- from $17 to $15.50 for FY17
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