More Losses For Merrill Lynch (MER)

Posted: July 2, 2008 at 9:31 am

Oppenheimer says that Merrill Lynch (MER) lost $5.8 billion in the second quarter.

The analysis also says Merrill will cut is dividend.

According to MarketWatch, Oppenheimer analyst Meredith Whitney also slashed Merrill’s full-year estimate for 2008 to a per-share loss of $5.37, significantly wider than her prior estimate of a loss of 45 cents a share.

Douglas A. McIntyre

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