Merrill Lynch Profit Estimates Cut by Goldman on Mortgage Loss

Discussion in 'Stocks' started by ASusilovic, Sep 26, 2007.

  1. Sept. 26 (Bloomberg) -- Merrill Lynch & Co. may have earned less than was previously estimated in the third quarter, reflecting a ``multibillion dollar'' loss due to weakness in the mortgage market, Goldman Sachs & Co. said.

    Merrill shares fell $1.56, or 2.2 percent, to $70.56 at 1:50 p.m. in New York Stock Exchange composite trading.

    Revenge for Merrill´s improper GS downgrade or what ??? Payback time ...Ha, ha, ha...
  2. These guys are like street thugs. "You key my car, I'll key yours" type of mentality.