RBC CM Lowers Earnings Estimates & Target Prices

RBC Capital Markets, 7 October 2008RBC Capital Markets has lowered its 2008 and 2009 earnings estimates and target prices for the financial services stocks it covers to reflect the deteriorating macro environment, namely weak equity markets, increases in short term funding costs, the deterioration in the health of the U.S. financial services system and continued deterioration in the U.S. economy