MER
MER Articles
BlackRock, Inc. (NYSE: BLK) posted a 25% gain in earnings, but reported $1.90 EPS versus $2.00 estimates; Assets under management are now $1.364 Trillion. Shares are trading down by 2% pre-market....
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Mack of Morgan Stanley (NYSE: MS) and Fuld of Lehman (NYSE: LEH) have both expressed the opinion that the worst of the Wall St. earnings crisis may now be in the past. The head of UBS (NYSE: UBS)...
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According to Reuters, US senator Charles Schumer has asked the SEC to look at conflicts of interest at bond rating firms. Reuters writes that Washington Mutual (WM) are in favor of the company...
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A look at the Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB) deals to raise more capital indicates that other banks and brokerages are looking at below-market deals if their Q1 numbers are...
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Early indicators from companies like Wachovia (NYSE: WB) and General Electric (NYSE: GE) show that the last half of March may have been tougher on banks earnings than Wall St. expects. Bloomberg...
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Citigroup (NYSE: C) is expected to post write-downs of as much as $12 billion in first quarter and have a loss of over $3 billion. Merrill Lunch (NYSE: MER) could show write-offs of $5 billion and a...
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It is spring on Wall St. With the warmer weather comes hope that the big financial crisis which seems to have engulfed everything in the world over the last three quarters is losing its steam now. In...
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According to Reuters, Yahoo! (YHOO) is seeking a merger with Time Warner’s (TWX) AOL which Microsoft (MSFT) and News Corp (NWS) at a joint bid for the No.2 search company. Reuters writes that AMR...
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"So, we beat on, boats against the future, born back ceaselessly into the past"–F Scott Fitzgerald, "The Great Gatsby" John Thain, former co-president of Goldman Sachs (GS) and CEO of The New York...
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If there is any sort of recession at all, the top hedge fund managers don’t know it. John Paulson and Phil Falcone of Harbinger each made as much as $2 billion last year. The top ten managers all...
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The short interest in NYSE stocks hit a record for the March 31 period. The number compare to those on March 14. Shares short in banks and brokerages began to drop. Short interest in Fannie Mae (FNM)...
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The Fed does not want to see all the money it has give to brokerages in exchange for lousy paper to go down the toilet so it has stationed its own personnel in the firms to keep and eye on things....
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Goldman Sachs believes that Merrill Lynch (MER) and Citigroup (C) may have to "post $14 billion in writedowns on assets linked to collateralized debt obligations." “If our forecasts are correct, it...
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With all of the carnage in the financial sector it would be hard to believe that any other group of stocks could have done worse. The technology sector claims that, for the most part, it has not done...
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At UBS (NYSE: UBS) it all hit the fan today. Marcel Ospel, the bank’s chairman, is on the way out. The financial firm wrote-off another $19 billion. The company plans to raise $15 billion after a...
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