Meredith Whitney Advisory Group

  • meredith-whitney2


    Meredith Whitney (Advisory Group) Has Packed It In

    …Meredith Whitney the person, however, is nowhere near finished here. For those fearing the closing of the Dollar Dominatrix’s brokerage shop meant the end of MW in your life: fear not. The woman who haunts Vikram Pandit’s dreams will never leave you.

    / Oct 9, 2013 at 5:05 PM
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    Get a jump on packing up your belongings, because according to Whitney, 100,000 of you are done here.

    / Aug 8, 2013 at 12:27 PM
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    ‘The Wall Street Journal’ Meredith Whitneys Meredith Whitney

    Things are looking pretty grim for Meredith Whitney Advisory Group. Except possibly from Bermuda.

    / Jul 8, 2013 at 4:45 PM
  • News

    Meredith Whitney: Citigroup Should Just Give Up

    Earlier today, we wondered if, in light of the news that Vikram Pandit had resigned as CEO of Citigroup, analyst Meredith Whitney’s opinion of the bank had changed. Choice comments that Whitney has made about the Big C in the past have included: “Citigroup is in such a mess Stephen Hawking couldn’t turn this company around”; “Citi is like an old broken-down Victorian house”; and Citi “has no earnings power, isn’t going to grow, hasn’t been investable in four years.” She also once told Maria Bartiromo that the only way she’d change her mind about company would be if she received “a new brain.” Still, sometimes analysts change their tune when new blood is brought in and, like former FDIC chair Sheila Bair, perhaps some of her beef with the bank had been a personal dislike of Uncle V. Now that he’s gone, is she seeing Citigroup in a new light?

    Not so much, no.

    In the wake of CEO Vikram Pandit‘s surprise departure this morning, Whitney, founder and CEO of Meredith Whtney Advisory Group LLC, issued a note cautioning clients to be wary of Citigroup even under new leadership. “Citigroup is ‘the incredible shrinking bank,’ and the least interest of the big four, in our opinion,” Whitney said. “No CEO will be able to change these facts in the near-term. It appears the board feels the same way, as they have appointed an unknown to the outside to the new CEO position, Mike Corbat.” […] On Tuesday, the stock has wavered between gains and losses on heavy trading volume in reaction to Pandit’s resignation. Shares are up 29% this year through Monday’s close. Despite signs of incremental improvement, Whitney isn’t backing down from her bearish stance. “Any seat in Citigroup’s court should come with a warning label,” Whitney says.

    Meredith Whitney: No CEO Can Fix Citigroup [WSJ]
    Earlier: Meredith Whitney Cannot Stress Enough How Little She Thinks Of Citigroup

    / Oct 16, 2012 at 3:57 PM
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    Meredith Whitney Suggests Out Of Work Financial Services Employees Stop Thinking ‘How Many People Will Be Working Under Me?’ And Start Thinking ‘Do You Want That Collated And Bound, Sir?’

    “The problem to date has been that those that have been laid off have been sitting on their couches because they do not want to take a downgrade in pay. They are not going back to work and the longer you are out of work, the more difficult it is to get a new job. […]

    / Jul 31, 2012 at 11:32 AM
  • News

    Meredith Whitney Suggests Morgan Stanley Start Working On Its Craiglist Ad

    The way Whitney sees it, some kind of sugar daddy or “rich uncle” setup is Morgan Stanley’s only hope for survival going forward.

    …in the wake of a disappointing second-quarter report. Meredith Whitney, of her own Meredith Whitney Advisory Group, said there was little to “chat about” given the particularly weak 4% return on equity Morgan Stanley sported. “It can’t be much fun to be a shareholder of Morgan Stanley, and, things got a lot worse this past June when Moody’s downgraded the company’s debt to one of the lowest ratings of its competitors,” Whitney wrote, as the first sentence of her research report. “With a 4% ROE, at what point does it make sense for Morgan Stanley to begin looking for ‘a rich uncle’?”

    Morgan Stanley Gets Some Tough Advice From Whitney, Mayo [DealJournal]

    / Jul 20, 2012 at 2:41 PM
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    Meredith Whitney Adds 10 New States To Her Sh*t List

    MDubs has issued a new state budget and debt report and Arizona, Nevada, Connecticut, Wisconsin? Might want to run. (Also, re last year’s prediction on muni bond defaults- she was just ball-parking, no one should’ve taken those numbers at face value.)

    / Jun 6, 2011 at 2:54 PM
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    Meredith Whitney: “I have more conviction on the municipal bond call than I’ve had on any single thing in my career”

    Last fall, Meredith Whitney made a prediction. Perhaps you remember it? It was part of a report called “Tragedy of the Commons,” wherein the analyst said that there would be “hundreds of billions of dollars’ worth” of municipal-bond defaults a’ coming. While some agreed with her, a vocal contingent did not. Charlie Gasparino, for instance, […]

    / May 4, 2011 at 6:05 PM
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    Meredith Whitney’s Got Good News And Less Good News

    You don’t have a lot of bad news through May and June. And then you have some real challenges coming after June as housing starts to decelerate again as foreclosures resume and inventory really comes on the market. Investors who are looking for a strong second half may be disappointed. You may see a repeat […]

    / Mar 21, 2011 at 2:45 PM
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    Meredith Whitney Dressed Up As Paris Hilton For The Company Halloween Party This Afternoon

    First, though, a story. One of the common refrains you hear from the critics of Wall Street is that financial services employees don’t build anything or make anything. To them, it means you don’t do anything for society. We know that’s not true but because one can’t reach out and touch your product, they like […]

    / Oct 29, 2010 at 3:25 PM
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    Gig Of A Lifetime, Yours For The Taking

    Job Type: Full Time Years of Experience: 2-5 Years Degree Required: Bachelors Industry: Finance & Investment Job Function: Investment Banking & Advisory Job Description Description: Meredith Whitney Advisory Group LLC (MWAG) seeks an experienced Executive Assistant, who will report directly to the Chief Executive Officer. The Executive Assistant is able to handle a wide array […]

    / Jun 15, 2010 at 11:52 AM
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    Come And Get It

    Earlier: Introducing The Meredith Whitney Advisory Group Meredith Whitney Discusses Her New Shop: There Will Be Cookies

    / Oct 5, 2009 at 3:35 PM

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