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Morgan Stanley Third-Quarter Estimates Reduced by Goldman Sachs

Morgan Stanley had its third-quarter earnings estimates cut by Goldman Sachs Group Inc. analysts, who cited “soft” revenue from the firm’s fixed-income, currency and commodities and equities divisions.

Morgan Stanley’s earnings-per-share estimate was reduced to 15 cents from 60 cents, analysts led by Richard Ramsden said in a note to clients dated yesterday. The analysts kept their “neutral” recommendation on the stock.