9:59pm ET
Banking, finance, and taxes
Paulson Gloats
No one likes a sore loser and there will be plenty of those among the executives at banks and brokerage firms that will fail or be sold. A gloating winner is harder…
GS Coverage Page 133
6:20am ET
Banking, finance, and taxes
Lehman (LEH) May Or May Not Be Sold, May Or May Not Get Government Help, May Or May Not Sell Assets, May Or May Not Remain Independent
Lehman (LEH) may or may not open for trading on Monday morning. A number of experts believe that the broker’s problems must be resolved before Asia markets open, or that a panic…
6:31am ET
Investing
Top Pre-Market Analyst Upgrades (CTRP, GS, LEH, MRVL, NLC, NUVA, PRU, RF, RIG, USG, ZION)
These are some of the top early bird analyst upgrades and positive calls we are seeing this Monday morning with more than two hours to the open: Ctrip.com (CTRP) Started as Outperform…
2:15pm ET
Investing
Goldman’s Merrill Lynch (MER) Downgrade Is Too Little Too Late (GS, MER)?
Goldman Sachs (GS) analyst William Tanona took the unusual step today of placing Merrill Lynch (MER) on the company’s so-called "Conviction Sell" list. What’s surprising is not that Tanona considers the embattled…
Douglas A. McIntyre 6:37am ET
Banking, finance, and taxes
Goldman Sachs Pans Merrill Lynch (MER, GS)
Merrill Lynch & Co. Inc. (NYSE: MER) is trading down 6% or so in pre-market after Goldman Sachs downgraded the stock to a SELL rating and put shares on its Conviction Sell…
Douglas A. McIntyre 4:08pm ET
Banking, finance, and taxes
Is Goldman Sachs Losing Its Trading Edge? (GS)
Goldman Sachs Group Inc. (NYSE: GS) has been an incredible performer among the bulge bracket investment banking firms during the entire credit meltdown and market malaise. Its shares had been holding up…
Douglas A. McIntyre 1:46pm ET
Banking, finance, and taxes
Lehman (LEH) To Drop 6% Of Work Force, Not Enough
Lehman (LEH) will lay off about 6% of its work force according to The New York Times. That is about 1,500 people, but it is not nearly enough. Earlier in the day…
2:51am ET
Media
Media Digest 8/27/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the FDIC may have to borrow money from Treasury to see it though a wave of bank failures. Reuters reports that Lehman (LEH) has asked three investment firms to…
4:55am ET
Economy
Fed Policy Alternative: Watch The World Burn (GS)(JPM)(FNM)(FRE)(WB)(WM)(LEH)
In the latest installment of the "Batman" film series, loyal butler Alfred tries to explain the behavior of some of the most depraved criminals. He points out to a befuddled Bruce Wayne…
5:52am ET
Investing
Analysts Play Game Of Cutting Investment Bank Ratings (MER)(C)(BAC)(MS)(GS)(LEH)
Citigroup (C) cut is earnings estimates for Goldman Sachs (GS), Morgan Stanley (MS), and Lehman (LEH). Today, Bank of America (BAC) cuts its earnings targets for Goldman and Morgan Stanley. Sanford Bernstein…
3:01am ET
Media
Media Digest 8/22/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Warren Buffett and the head of Blackstone (BX) called for a solution to the govenment’s growing debt load and reliance of foreign investors to finance US borrowing. Reuters reports…
4:25am ET
Banking, finance, and taxes
Citigroup (C) Downgrades Everyone But Itself (LEH)(MS)(GS)
The rule on Wall St. is that securities analysts don’t rate their own firms. Now that brokerage research departments are no longer slaves to investment banking, the independence of analysts is supposed…
8:50am ET
Investing
Goldman Sachs (GS) Cuts All Bank Estimates But Its Own (JPM)(MER)(C)(MS)
It is not hard to blame Goldman Sachs (GS) for failing to cut its own earnings estimates for the next quarter and the full year. That kind of action by analysts is…
7:14am ET
Energy
Goldman Sachs (GS): Oil Headed Back Toward $150
Goldman Sachs (GS) says oil will be back at $149 at the end of the year. The investment bank reiterated its year-end price forecast of $149 a barrel for U.S. crude oil,…
Douglas A. McIntyre 2:41am ET
Media
Media Digest 8/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, analysts expect Lehman (LEH) to have a $1.8 billion loss. Reuters writes that the US is likely to recapitalize Fannie Mae (FNM) and Freddie Mac (FRE). Reuters reports that…