Bank Earnings Are Fugly !

Thursday, October 16, 2008 | 09:15 AM

Wow, this is some collection of disasters:

Merrill Lynch Reports Fifth Straight Quarterly Loss; Merrill's Net Loss Widens on $9.5 Billion in Write-Downs   

Citigroup reports $2.8 billion loss, hit by credit losses; Citigroup Posts Fourth Consecutive Loss on Mortgage Writedowns

Switzerland Gives UBS a Bailout; Credit Suisse Raises Funds

UBS and Credit Suisse Get Urgent Funds

Banks Brace for Slump as Economy Weakens

Wachovia eyed big Buffett investment

The exceptions? Wells Fargo, JPM:

Earnings stink, but...

Way To Go, Wells Fargo   

JPMorgan profits fall, but top views    

Thursday, October 16, 2008 | 09:15 AM | Permalink | Comments (60) | TrackBack (0)
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Long energy, short financials?

Posted by: leftback | Oct 16, 2008 9:36:56 AM

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