Tag:

Oppenheimer

Latest Headlines

Latest Headlines

More exchange offers for Bank of America

Is anyone surprised by the Oppenheimer report that found Bank of America may need to raise up to $36 billion in capital to gets its tangible capital equity ratios in line with peers? The analysis assumes a poor first quarter, with enough write-downs to send Bank of America's ratio, of tangible com

Analysts duel on Goldman Sachs, Morgan Stanley

Shares of Goldman Sachs and Morgan Stanley have been on a tear since the beginning of last week; both are up roughly 30 percent from historic lows. This gives rise to an obvious debate: Is this a dead cat bounce or the beginning of a long-term move up? Bank of America Merrill Lynch (get used t

Meredith Whitney to start her own firm

You've got to strike while the iron is hot. For Meredith Whitney, who used the financial crisis to storm her way to stardom has announced she will step down at Oppenheimer and start her own firm. Reuters says the name of the firm will bear her name. One fair question is what kind of firm will

Meredith Whitney sounds off on capital ratios

Is the industry out of the woods? Not yet, according to Oppenheimer analyst Meredith Whitney. As Reuters reports, she's telling clients that top banks are still plagued by capital issues, despite the TARP funds distributed last year. Indeed, capital ratios "will be meaningfully lower in the fo

Recession recovery in hands of top banks?

According to Meredith Whitney, analysts at Oppenheimer, Bank of America, JPMorgan Chase and Citigroup collectively represent more than half of all credit card lines outstanding, and they are under big pressure to scale back. In a note to clients, she writes, "We expect available consumer liquidity

Does Meredith Whitney have a new target?

The powerful analyst at Oppenheimer, who is hardly shy about voicing her criticisms of such bank as Citigroup and Lehman Brothers, may have a new target. In  Fortune interview, she says, "The Paulson plan doesn't make a lot of sense to me..." She says the real issue isn't junky assets, it's con

Industry hangs in the balance: Whitney vs. Bove

In times such as these, new stars are born. Two of the brightest stars right now are Meredith Whitney of Oppenheimer and Richard Bove of Ladenburg Thalmann. There are some other highly respected analysts, like Michael Mayo of Deutsche Bank and Guy Moszkowski of Merrill Lynch. But in terms of s

Meredith Whitney weighs in on Merrill Lynch

Superstar Oppenheimer analyst Meredith Whitney has trained her sights on Merrill Lynch . She now expects Merrill Lynch to take total writedowns of $5.8 billion for the second quarter, to cover losses on CDOs, hedges with bond insurers and various other items. That will result in large losses. A

Tier 1 capital becoming a big issue?

Financial News Online reports that investment banks soon will start reporting Tier 1 capital ratios, something they have not done previously. (Commercial banks have been doing this for years.) That just might throw an even more intense spotlight on perceived capital deficiencies at top banks,

Meredith Whitney speaks again

In times such as these, an analyst really can make a name for herself. Oppenheimer's Meredith Whitney rocketed to fame based in part on prescient prediction that Citigroup  would be forced to cut its dividend. She's been a bear for a while now, and judging from her latest report to client, ther