Credit Suisse Lowers Q1 EPS Estimate On MS

Credit Suisse is lowering its Q1 EPS estimate on Morgan Stanley MS. “We are reducing our first quarter EPS estimate to $0.32 (from $0.75), largely to reflect the impact of tightening of the firm's own debt spreads and further monoline-related losses,” Credit Suisse writes. Morgan Stanley closed Thursday at $27.32.