MER
MER Articles
American International Group (AIG) Market worries that balance sheet is tearing to pieces. Down to $11.49 from 52-week high of $70.13. Lehman Brothers (LEH) Going out of business sale. Drops to $3.17...
Published:
Last Updated:
AIG (AIG) as taken its turn in the penalty box today, joining Washington Mutual (WM), Lehman (LEH), and Merrill Lynch (MER). After after three quarters of significant write-offs, AIG is down 25%...
Published:
Last Updated:
There are hundreds of thousands of jobs at stake if the current trends continue in the financial services sector. When you tally up the employment just at five troubled firms noted below, there are...
Published:
According to Reuters, debt of Washington Mutual (WM) was cut to junk on a forecast of a $4.5 billion loss reserve. Reuters says that concerns about Lehman (LEH) spread to Merrill Lynch (MER). Reuters...
Published:
Last Updated:
Lehman (LEH) Dead or alive. Off to $3.79 from 52-week high of $67.73. Washington Mutual (WM) Will the bank make it? Plunges to $1.75 from 52-week high of $39.25. Merrill Lynch (MER) dragged down...
Published:
Last Updated:
In the next day or two, the financial markets could hit their tipping point. It is certainly not beyond the realm of the possible that Lehman (LEH) and Washington Mutual (WM) could fail. Merrill...
Published:
Last Updated:
Merrill Lynch (MER) came out with a clever bit of research this morning. As financial stocks take a sharp spike up due to the Fannie Mae (FNM) and Freddie Mac (FRE) bail-out news, use the bounce to...
Published:
Last Updated:
Fannie Mae (FNM) and Freddie Mac (FRE) had their CEOs pushed out by the government this weekend. They will get fat pay packages and can go on to live in massive homes and become high-paid...
Published:
Last Updated:
Goldman Sachs (GS) analyst William Tanona took the unusual step today of placing Merrill Lynch (MER) on the company’s so-called "Conviction Sell" list. What’s surprising is not that Tanona...
Published:
Last Updated:
These are some of the top downgrades or cautious calls we are seeing from analysts this Friday morning: Affymetrix (AFFX) Started as Underweight at Morgan Stanley. Clean Energy (CLNE) Cut to...
Published:
Merrill Lynch & Co. Inc. (NYSE: MER) is trading down 6% or so in pre-market after Goldman Sachs downgraded the stock to a SELL rating and put shares on its Conviction Sell List. The firm says...
Published:
Last Updated:
If the markets are to take bond guru Bill Gross at his word, the world’s financial markets could go through a cataclysmic failure. The head of fixed income fund operation Pimco says that a rapid...
Published:
Last Updated:
According to Reuters, NY State sent subpoenas to Bank of Americ (BAC) executives over auction-rate securities. Reuters reports the Boeing’s (BA) machinist union voted to strike but stay on the job...
Published:
Last Updated:
With a $6 a barrel drop in oil prices, this was supposed to be one of the best days of the year for the stock markets. The Nasdaq opened up 55 points at 2,402 and then reversed itself to trade down...
Published:
Last Updated:
The auction-rate fiasco is not over for banks. Having bought back about $55 billion of the paper, they are now faced with the reality that the bonds are only worth about $.80 on a dollar. The means...
Published:
Last Updated: