Oppenheimer says that Merrill Lynch (MER) lost $5.8 billion in the second quarter.
The analysis also says Merrill will cut is dividend.
According to MarketWatch, Oppenheimer analyst Meredith Whitney also slashed Merrill’s full-year estimate for 2008 to a per-share loss of $5.37, significantly wider than her prior estimate of a loss of 45 cents a share.
Douglas A. McIntyre
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