analysts.JPGOppenheimer analyst Meredith Whitney cut her second quarter earnings estimates for Merrill Lynch and Citigroup today, predicting that the firms will lose $4.21 a share and $1.25 a share, respectively, and take writedowns of $5.8 billion and $12.2 billion. Whitney also suggested a reshuffling of management and, taking a cue from fellow analyst Dick Bove, whose reports have really been upping the ante of late, suggested Angelo Mozilo to replace incumbent Citi CEO Vikram Pandit.
Merrill, Citigroup Estimates Cut by Meredith Whitney [Bloomberg]

Comments (24)

  1. Posted by blndebnker | July 2, 2008 at 12:41 PM

    If they replace Vik with that walking bottle of self-tanner, I will be very, very displeased.

  2. Posted by guest | July 2, 2008 at 12:53 PM

    What does Meredith Whitney have to say about that dirtbag firm Fahnestock & Co (a.k.a. Oppenheimer) she is working for?? Bud Lowenthal is a criminal running a corrupt sleazy shit box that is soon to collapse around him.

  3. Posted by guest | July 2, 2008 at 1:01 PM

    what’s the latest on her husband’s penis pill biz?

  4. Posted by guest | July 2, 2008 at 1:17 PM

    Whitney has been right. These banks have no idea what the derivatives are worth, they hold. Bill Groos thinks the country is a mess. I will tell you why @
    http://www.theinvestingspeculator.com

  5. Posted by Anal_yst | July 2, 2008 at 1:19 PM

    @ 1:17
    Who’s Bill Groos?
    btw the name of your site is a bit of a oxymoron, no?

  6. Posted by FUNdamental | July 2, 2008 at 1:24 PM

    Chris Dodd agrees with Dick.
    Bess – thanks for soaking that picture in ink before posting, makes her look better.

  7. Posted by guest | July 2, 2008 at 1:24 PM

    @1:17 If you want anyone to read your POS site, fucking learn to write. and spell. Oh, and don’t try to advertise it in the comments, you prick. If you’re that desperate for readers, there’s probably a reason why.

  8. Posted by guest | July 2, 2008 at 1:30 PM

    Gigantic WASP forehead

  9. Posted by guest | July 2, 2008 at 1:35 PM

    I’d still hit it

  10. Posted by guest | July 2, 2008 at 1:43 PM

    @1:35.
    Yep.

  11. Posted by guest | July 2, 2008 at 1:43 PM

    i love Meredith.

  12. Posted by guest | July 2, 2008 at 1:49 PM

    wasp chicks love facials, especially from non-wasps

  13. Posted by guest | July 2, 2008 at 2:01 PM

    “Die Citi Die!
    And take Merrill with you.”
    Much Love,
    -MW
    xoxo

  14. Posted by guest | July 2, 2008 at 2:03 PM

    I wonder if she is sucking on Bud Lowenthals pencil dick lately?

  15. Posted by guest | July 2, 2008 at 2:26 PM

    needs to be punched in the twat

  16. Posted by guest | July 2, 2008 at 2:27 PM

    she wants attention

  17. Posted by guest | July 2, 2008 at 2:28 PM

    Yuck why would you want your fist to touch that big hairy slimy pussy???

  18. Posted by guest | July 2, 2008 at 2:35 PM

    hi meredith. I’m something of a dollar afficionado myself. if only you weren’t married…

  19. Posted by guest | July 2, 2008 at 2:36 PM

    hi meredith. I’m something of a dollar afficionado myself. if only you weren’t married…

  20. Posted by guest | July 2, 2008 at 2:40 PM

    Meredith whitney has been wrong. So wrong she keeps having to cut her near term (current quarter!) estimates. I love when an analyst admits they were wrong and people want to tell you how right they are. Great business!

  21. Posted by guest | July 2, 2008 at 3:04 PM

    Lil’Vik will triumph. With that impish smile how can he not?

  22. Posted by guest | July 2, 2008 at 3:42 PM

    WTF? Hand on the hips…what can you do to me now-type of stance? Read above, bitch!

  23. Posted by guest | July 2, 2008 at 4:46 PM

    is that Tipper gore?

  24. Posted by guest | July 3, 2008 at 11:57 AM

    Are all the negative commenters working for citi or merril? I think so

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