Oppenheimer 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)
Leave a comment
You can log in with your account or comment as a guest below.
If they replace Vik with that walking bottle of self-tanner, I will be very, very displeased.
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.
what’s the latest on her husband’s penis pill biz?
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
@ 1:17
Who’s Bill Groos?
btw the name of your site is a bit of a oxymoron, no?
Chris Dodd agrees with Dick.
Bess – thanks for soaking that picture in ink before posting, makes her look better.
@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.
Gigantic WASP forehead
I’d still hit it
@1:35.
Yep.
i love Meredith.
wasp chicks love facials, especially from non-wasps
“Die Citi Die!
And take Merrill with you.”
Much Love,
-MW
xoxo
I wonder if she is sucking on Bud Lowenthals pencil dick lately?
needs to be punched in the twat
she wants attention
Yuck why would you want your fist to touch that big hairy slimy pussy???
hi meredith. I’m something of a dollar afficionado myself. if only you weren’t married…
hi meredith. I’m something of a dollar afficionado myself. if only you weren’t married…
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!
Lil’Vik will triumph. With that impish smile how can he not?
WTF? Hand on the hips…what can you do to me now-type of stance? Read above, bitch!
is that Tipper gore?
Are all the negative commenters working for citi or merril? I think so