Oppenheimer Third Quarter Preview And Industry Updates

Oppenheimer believes that the turn in credit quality is firmly in place and expect to see the first signs that loan growth will follow. Oppenheimer takes down its 3Q10 EPS estimates by about 23% on average. However, Oppenheimer continues to recommend: Bank of AmericaBAC Citigroup C Goldman Sachs GS JP Morgan JPM Lazard LAZ Morgan Stanley MS Wells Fargo Company WFC