We only ask because Roger Freeman, BarCap’s IB-watcher in New York has taken a decidedly un-festive knife to his final quarter predictions for BarCap’s two key rivals, Goldman Sachs and Morgan Stanley.
On Goldman:
Investment Conclusion With about one productive week remaining in the quarter before the holidays, we are updating our 4Q09 estimates for developments quarter-to-date. Our 4Q09E EPS remains unchanged at $4.80, well below the Street at $5.63 as our lowered core trading revenue estimate is offset by a reduced compensation ratio.
On MOST:
Investment Conclusion With about one productive week remaining in the quarter before the holidays, we are updating our 4Q09 estimates for developments quarter-to-date. We are lowering our 4Q09E EPS from $0.90 to $0.40, notably below the Street at $0.65 as we lowered our core trading and investment banking rev ests and included a $250mm DVA charge.
Further details in the usual place.