I wish this price move had been as predictable as the company’s bankruptcy!
Over 226 million shares of Lehman Brothers were traded on Friday, sending the stock up over 313 percent.
When your starting price is only $0.06, your company is uber risky and ineligible for short sales, I guess this type of return is not hard […]
The Dow Jones Industrial Average lost 504 points today after a chaotic weekend revealed the acquisition of one investment bank and the bankruptcy of another.
News of Lehman’s bankruptcy traveled the world and directed markets south. Markets in Australia, Europe and Asia closed significantly lower as foreign banks rushed to announce their limited exposure to Lehman Brothers.
China’s Shanghai Composite fell 3.7 […]
Wall Street has gone mad this weekend!
While everyone was focusing on Lehman’s desperate search for a buyer, who knew Merrill Lynch was for sale?
A word of advice for this market, particularly banks: everything is for sale.
Bank of America has agreed to buy Merrill Lynch for $44 billion. This deal equates to roughly $29 per share. […]
I don’t make predictions. Well, that’s not true, I just don’t post my predictions. But, I had a feeling about this…
Shares of Lehman Brothers fell as much as 40 percent today after liquidity concerns were raised…again. News emerged that Lehman’s talks with the Korean Development Bank ended (the proposed terms puzzled me from the deal’s inception) and this has brought back fears […]
This morning I read a few quotes from a popular analyst, Richard Bove, outlining his reasons for keeping a “buy” rating on Lehman Brothers.
Last Thursday, Bove asserted that conditions are ripe for a hostile takeover bid and shares of Lehman have risen over 15 percent since then.
The stock has been hammered this year, losing over 75 percent […]
Erin Callan, the recently terminated CFO of Lehman Brothers, will join the ranks of Credit Suisse.
Ms. Callan served as CFO for less than one year and her departure (or should I say, removal) from Lehman’s executive ranks came after the company posted a $2.8 billion loss.
I don’t think her tenure was long enough for her to be […]
Mondays tend to have slightly negative returns, but yesterday was extremely damaging to shares of the nation’s largest mortgage buyers: Fannie Mae and Freddie Mac.
Yesterday’s freefall was sparked by a Lehman Brothers analyst whose report claimed that both companies may need billions of dollars in new capital to comply with changes to accounting rules.
The same report also […]
This summer will go down in history as the summer of discontent…at least amongst analysts following the big banks!
Earlier this month, Credit Suisse downgraded Lehman from outperform to neutral. Earlier this week, analysts at Goldman Sachs issued a series of scathing reports taking aim at the nation’s brokers, issuing particularly negative assessments regarding Citigroup.
Today, Citigroup analysts retained a sell rating […]
Lehman Brothers pre-released details of their earnings announcement originally scheduled for next Monday. The company attempted to soften the blow of a larger than expected $2.8 billion loss with the announcement of plans to raise $6 billion in capital.
For a company that has proclaimed its financial well-being in recent weeks, raising $6 billion in capital may not […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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