Goldman Sachs Cuts Estimates for Three Big Banks (BAC, WFC, C)
Posted on December 22, 2009 at 08:59 AM EST
Analysts at Goldman Sachs on Tuesday issued some bearish remarks on the banking sector, cutting its earnings estimates for three big U.S.-based banks. The firm said it expects that the recent capital raises by several major banks will eventually all be used to pay off loans, and that it expects more bank failures in the coming [...]