Morgan Stanley raises GDP forecast
``We raise our GDP growth forecast for fiscal 2013 to 5.4 per cent from 5.1 per cent based on the better than expected GDP growth for quarter ended September and also stabilisation in non-agriculture growth indicators,'' Morgan Stanley said.
Goldman Sachs raised its annual EPS estimates for Morgan Stanley to $1.35 in 2009, $3.10 in 2010, $3.45 in 2011, up from previous estimates of $0.60, $2.70 and $3.00, respectively.