Morgan Stanley and Citigroup Inc. slashed their estimates for 2025 earnings

Via Bloomberg:

• Morgan Stanley and Citigroup Inc. slashed their estimates for 2025 earnings
• joining a wave of Wall Street banks warning that tariffs will curb profit growth

Citi’s lowered 2025 prediction for the S&P 500 to 5,800 from 6,500

• predicated on earnings of $255 a share for companies in the index, down from a previous $270 projection

Morgan Stanley cut 2025 earnings-per-share forecast to $257 from $271.

This article was written by Eamonn Sheridan at www.forexlive.com.