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Merrill: $9.8B Loss on $11.5B Writedown

Brokerage's first-ever full-year loss blamed on subprime woes

By Jim O'Neill, Newser User

Posted Jan 17, 2008 6:31 AM CST

(Newser) – Merrill Lynch reported a fourth-quarter loss of $9.8 billion, or $12.01 a share, nearly triple the per-share loss most analysts predicted, reports Bloomberg. It was the second straight losing quarter for the nation’s largest broker, and capped the company’s first full-year... Read full story »

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Merrill: $9.8B Loss on $11.5B Writedown

Brokerage's first-ever full-year loss blamed on subprime woes

subprime mortgages • Merrill Lynch • corporate earnings

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More Newser Stories

Bank of America Loses $2.2B as Loans Sour

Investment revenues up, but consumers default on nearly $10B

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Third quarter earnings show recovering bank, struggling brokerage

SocGen Posts Record $4.9B Q4 Loss

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Swiss bank also posts its first annual loss on $13.7B subprime writedowns

Feds Eye UBS as Subprime Probe Widens

Criminal prosecutors target Swiss banking giant for mispricing

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