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Ibiden Co. led gains by technology companies after Intel Corp. forecast sales and profit that beat estimates. Nomura Holdings Inc. , Japan’s largest brokerage, declined 2.6 percent. Whitney cut Goldman Sachs Group Inc. to “neutral” from “buy” yesterday,...
Tags: Meredith Whitney
The move triggered selling not just in Goldman (down almost $3 U.S., or 1.5 per cent) but the entire S&P 500 financials sector, which is off 1 per cent Tuesday, among the weakest sector performances on the day. Investors were rattled not just by the news...
U.S. stock futures were trading higher Tuesday, as earnings season ramps up with Johnson & Johnson posting a small rise in net profit. Less than two hours before the start of trading, Dow Jones Industrial Average futures were up 24 points at 9843. Blue...
Tags: Goldman Sachs Group Inc., analysts meredith, Intel, S&P, Meredith Whitney, banks analysts
It has been tough to call earnings, when it comes to investment banks. The fact that they all did a lot of proprietary trading, for one thing, made earnings hard to model, among other things. Historically, the top investment banks have always had low...
Tags: Goldman Sachs, Meredith Whitney
Analyst Meredith Whitney says Bank of America should keep CEO Ken Lewis despite what she calls the mistake of buying Merrill Lynch. Whitney says Lewis has done a great job stewarding the bank as a low-cost operation but says he made one major mistake.
Bank analyst Meredith Whitney _ one of the few names on Wall Street that actually gained favor during the financial crisis _ is leaving Oppenheimer & Co. to start her own stock advisory firm. Whitney was among the most bearish bank analysts even before...
Tags: Meredith Whitney, banking analysts, Ms. Whitney, analysts meredith
U.S. bank stocks tumbled on Monday on expectations that a deepening global economic slump will reduce employment, crimp borrowers' access to credit and spur more writedowns. Shares fell after the Institute for Supply Management said U.S. factory activity...
Tags: credit card industry, may cut $2 trillion of lines: analyst, Meredith Whitney, U.S, cards industry
Despite midweek relief for financial stocks, Oppenheimer & Co. analyst Meredith Whitney says the financial markets won't be able to stabilize until there is more truth-telling. Rather than trickling out write-downs and sour news, Whitney says banks need...
Tags: stock, Meredith Whitney
Quote , Profile , Research , Stock Buzz ) earnings outlook has dramatically diminished and prospects for shareholders are bleak, said influential Wall Street analyst Meredith Whitney, who downgraded the stock to "underperform."
Tags: Meredith Whitney, Wachovia, banks stock
Wall Street ended mixed Monday after weakness in the technology sector punctured some of the market's enthusiasm over a report that suggested the economy could still be growing.
Tags: oil price, U.S, credit crisis, New York Mercantile Exchange, Meredith Whitney