Goldman Sachs Group Inc. NYSE:GS Message Board

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Non-Tech : Goldman Sachs Group Inc. NYSE:GS

GS 780.39

+0.5%

11:46 AM EST

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To: oilbabe who wrote (170)	8/14/1999 11:55:00 AM
From: Mohan Marette	Read Replies (3) of 411

Goldman Earnings Estimates Raised by Morgan Stanley's McVey Bloomberg News August 13, 1999, 3:25 p.m. PT New York, Aug. 13 (Bloomberg) -- Goldman Sachs Group Inc.'s earnings estimates were raised by Morgan Stanley Dean Witter & Co. analyst Henry McVey, who cited the firm's strength in underwriting and mergers advisory in a note to clients. McVey increased his estimate for the quarter ending August 31 to $1.18 a share from $1.12. He now predicts Goldman will earn $4.64 a share in fiscal 1999, compared with a previous estimate of $4.58. ``The reality is that 1999 has been GS's type of market: strong equity underwriting, particularly in technology, robust M&A and continued volatility in the capital markets,' McVey said in his report. ``As such, we feel comfortable tweaking our earnings estimate, despite a bumpier trading environment.'......... news.com

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