JP Morgan; Morgan Stanley; Goldman Sachs; McDonalds
Pots Call Kettles Black...
JPMorgan disclosed in a regulatory filing that trading conditions have deteriorated compared to Q2,
noting that spreads on mortgage backed securities have widened, causing losses of $1.5 billion since July.
Morgan Stanley said it is going to repurchase $4.5 billion in auction rate securities.
Morgan Stanley's credit rating was downgraded to A1 from Aa3 at Moody's.
Goldman Sachs had its earnings estimates cut by Oppenheimer analyst Meredith Whitney, Credit Suisse and Deutsche Bank.
Whitney cited: "customer volumes, overall weak equity markets, and weak advisory and underwriting revenues."
McDonald's downgraded to Neutral from Buy at UBS.
Prompted by: the possibility of increasing U.S. job loss, slowing U.S. fast food industry, slowing trends in Europe.
JPMorgan disclosed in a regulatory filing that trading conditions have deteriorated compared to Q2,
noting that spreads on mortgage backed securities have widened, causing losses of $1.5 billion since July.
Morgan Stanley said it is going to repurchase $4.5 billion in auction rate securities.
Morgan Stanley's credit rating was downgraded to A1 from Aa3 at Moody's.
Goldman Sachs had its earnings estimates cut by Oppenheimer analyst Meredith Whitney, Credit Suisse and Deutsche Bank.
Whitney cited: "customer volumes, overall weak equity markets, and weak advisory and underwriting revenues."
McDonald's downgraded to Neutral from Buy at UBS.
Prompted by: the possibility of increasing U.S. job loss, slowing U.S. fast food industry, slowing trends in Europe.
Comments