Movers: Merrill Lynch, Washington Mutual, Research in Motion, ABN Amro
Merrill Lynch (MER) expects a third quarter loss of as much as $0.50 per share because of $5.5 billion in write-downs on collateralized debt obligations, subprime mortgages and leveraged finance commitments. S&P reiterates buy on the stock.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock