12Jun/080
Merrill, JPMorgan, Goldman Sachs
Posted on Jun 12th, 2008 @ 9:56 am by CY
There were lots of bad news for the financial sector lately. Just few days ago, Lehman Brothers posted a quarterly loss of 2.6 billion. As a result, many stocks (especially financials) went down. Yesterday, Goldman Sachs spread rumours that there could be further writedowns when they report earnings next week, on June 17. Next week [...]
Tagged as: Earnings, financials, goldman sachs, jpmorgan, lehman brothers, market, merill, oversold, writedowns9Jun/080
Gas price at $4/gallon; Lehman posts $2.8 billion loss
Posted on Jun 9th, 2008 @ 10:14 am by CY
Most of the stocks went down today as a result of gas prices going up past $4 a gallon. Financials are taking a big hit today because Lehman Brothers posted a $2.8 billion loss for the second quarter. The outlook is not looking good for Lehman when the company says that it will raise $6 [...]
Tagged as: financials, lehman, loss, outlook