Bank Earnings Are Fugly !
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
The exceptions? Wells Fargo, JPM:
Thursday, October 16, 2008 | 09:15 AM | Permalink
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Long energy, short financials?
Posted by: leftback | Oct 16, 2008 9:36:56 AM
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