Tuesday, August 28, 2007

Just a little late ...

In the news today ... Financial-services giants Citigroup, Lehman Brothers Holdings, and Bear Stearns were down 1.5%, 2.6%, and 2.9%, respectively, after Merrill Lynch cut its rating on the stocks to “neutral” from “buy.”

But the industry has clearly been hit by the credit crisis. The stocks were already hammered. What gives? Are the lawyers holding things up?

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home