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Bear Stearns new hires, the ones fresh out of school especially, are getting a hands-on lesson in business cycles. It was their misfortune to come out at a time when the industry is really swooning.... Read more...
Bank of America's first-quarter earnings of 23 cents a share sorely lagged the average estimate of 41 cents. The somewhat ominous twist this time is that the bank seems to be feeling the effects of... Read more...
Merrill Lynch's loss of $2.19 a share was worse than the $1.99 a share analysts expected on average. That average estimate, of course, had moved lower dramatically as earnings day approached. It's... Read more...
Meredith Whitney speaks with authority on Citigroup. She predicts Citigroup will announce an $11 billion writedown this Friday, to go with... Read more...