www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> America
Wall Street analysts see bigger 2008 loss for Merrill
(Agencies)
Updated: 2008-07-29 22:02

BANGALORE - Several analysts, including Oppenheimer's Meredith Whitney, widened their loss view on Merrill Lynch (MER.N), after the Wall Street investment bank and brokerage said it will take a $5.7 billion third-quarter writedown as it unloads risky debt and raises $8.5 billion in capital.

A Merrill Lynch sign is seen in Toronto, April 29, 2008. [Agencies] 

The announcement follows Merrill's second-quarter loss of $4.9 billion, hurt by more than $9 billion in write-downs. Merrill has already recorded billions of dollars of writedowns from subprime mortgages and risky debt.

Related readings:
 UBS, Merrill private banking growth slows on subprime
 Latest Merrill loss follows writedown
 Merrill Lynch plans to expand in China
 Citigroup, Merrill Lynch win top spots

The $8.5 billion fund-raising efforts will include Singapore sovereign wealth fund Temasek Holdings (TEM.UL) investing an additional $900 million into Merrill Lynch.

Whitney, who "applauded" Merrill's efforts to cut its losses, said, "we believe the stock is getting closer to fairly valued levels as now the hardest work is behind the company."

Whitney sees a 2008 loss of $10.50 a share for Merrill, up from her prior loss view of $8.37.

Commenting on Merrill's plans, UBS, Banc of America and Credit Suisse said though Merrill's risk exposure has reduced significantly, the company has had to pay a price for it.

Widening its loss view by 80 percent, Credit Suisse said, "Merrill has now substantially reduced its ABS CDO exposure. But the exit was expensive, coming at a price below marks."

The company has lost $19.2 billion in the past year and suffered more than $40 billion of write-downs. Its shares have lost half their value since January.

Citigroup, which increased its loss view by $1.29, said it expects the sale of highly illiquid mortgage related assets to be a catalyst to refocus on the earnings power of the Merril franchise.

Analysts on average see 2008 loss in the range of $5.47 to $12.70, the biggest loss being forecast by Credit Suisse.

Shares of Merrill Lynch were trading down 23 cents at $24.10 in before the bell trading, after having closed at $24.33 Monday on the New York Stock Exchange.

主站蜘蛛池模板: 亚洲网站www| 国产成人精品日本亚洲专 | 日韩久久免费视频 | 老司机一级片 | 九草视频 | 400部大量精品情侣网站 | 国产成人精品一区二区秒拍 | 亚洲区一区 | 国产成人综合欧美精品久久 | 欧美成人 综合网播九公社 欧美成人26uuu欧美毛片 | 特级一级全黄毛片免费 | 日本一级高清不卡视频在线 | 飘花国产午夜精品不卡 | 1024国产欧美日韩精品 | 成人亚洲精品一区二区 | 看片日韩 | 美女张开腿让男人桶爽免 | 国产深夜福利视频观看 | 草草视频免费观看 | 欧美aaaa在线观看视频免费 | 亚洲七七久久精品中文国产 | 99r精品视频 | 国产午夜精品理论片小yo奈 | 精品国产杨幂在线观看福利 | 怡红院亚洲红怡院天堂麻豆 | 最新欧美精品一区二区三区不卡 | 欧美一区二区三区激情视频 | 福利片成人午夜在线 | 日韩精品在线观看免费 | 久久精品国产在爱久久 | 色香欲综合成人免费视频 | 手机在线免费毛片 | 全部免费的毛片在线看美国 | 亚洲一区浅井舞香在线播放 | 亚洲高清国产品国语在线观看 | 国产精品9 | 国产综合视频在线观看一区 | 国产一区2区 | 欧美一级三级 | 99热只有精品一区二区 | 九九精品视频在线播放 |