摩根士丹利发表研报指，市场乐观者原本期待高盛每股盈利将大幅超出预期，但较严格的补充杠杆率(SLR)限制了高盛在2025年第四季度至2026年第四季度的回购，导致大摩对高盛2027年每股盈测下调3%。 受较高已发行股数、较高非补偿及补偿费用，以及较低股票交易营收影响，大摩对高盛明后两年每股盈测各下调3%，至分别53.82美元及63.72美元，部分被较高资产及财富管理营收、货币及大宗商品营收、平台解决方案营收及投资银行营收抵销。 大摩将高盛目标价从854美元下调至828美元，基于大摩对高盛略微下调的2027年每股盈测，目标市盈率维持在13倍不变，评级“与大市同步”。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱：news_center@staff.hexun.com
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