Skip navigation
Watchlist Sponsored By :

As of Friday, November 20th:
The blended earnings growth rate for the S&P 500 for Q3 2009, combining actual numbers for companies that have reported, and estimates for companies yet to report declined to -13.8% from -13.7% in the previous day. As of October 1st, the earnings growth rate was at -24.7%.Of the 480 S&P 500 companies who have reported Q3, 79% beat estimates, 7% were in-line, and 14% were below estimates.  The blended earnings growth rate for the S&P 500 for Q3 2009 is currently at -13.8%. (Data provided by Thomson Reuters)

LATEST EARNINGS RESULTS


Current DateTime: 05:10:59 23 Nov 2009
LinksList Documentid: 29017166
Expiration DateTime: 11/23/2009 5:12:26 AM

Current DateTime: 05:11:01 23 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Fashion Show.

  • The Richest Members of the US Congress

      Recently, the Center for Responsive Politics found that there are 237 millionaires in the US Congress.

  • 10 Tips to Get Out of Debt

      Renowned financial author Gail Vaz-Oxlade takes a tough-love approach to helping couples in a financial crisis to face reality.

FEATURED QUIZZES


Current DateTime: 05:11:01 23 Nov 2009
LinksList Documentid: 33793611
  • How Much Do You Know About Green?

      Green has become part of our everyday lives. Green is everywhere-- energy, clothing, food, housing, transportation. It's a big business and a global business.

  • The Billionaire BFF's

      Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

  • The Many Myths of Coca-Cola

      Can you tell which statements are true, and which ones are just rumors?


Current DateTime: 05:11:01 23 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
Merrill May Need to Raise More Capital, Insiders Say
By: Charlie Gasparino,, On-Air Editor | 16 Apr 2008 | 01:40 PM ET
Text Size

Merrill Lynch may need more capital in the future—either through asset sales or raising money—despite CEO John Thain's recent comments that the firm has enough capital for now, senior executives told CNBC.

Merrill Lynch CEO John Thain
AP
John Thain

Thain's statement last week that Merrill does not plan to raise further capital was ill-advised, these executives said.

Merrill [MER  Loading...      ()   ] has raised about $12.8 billion since late 2007, following heavy subprime losses in the third and fourth quarters. But Thain said last week that the firm had raised more capital than it has lost.

"I wish he didn’t say that," Merrill Chief Financial Officer Nelson Chai has said, believing the firm still has balance sheet issues and may need to write down further losses.

Merrill Lynch declined to comment on the executives' statements.

Some big Merrill Lynch assets that could be sold include the company's stake in information services firm Bloomberg and its stake in money manager Blackrock. But analysts doubt Merrill can afford unwinding its Blackrock stake.

As reported by CNBC, Merrill will report a quarterly loss this week, including a writedown of about $6.5 billion. The firm also is expected to further discuss how it has been reducing its balance sheet.

__________________________________
CNBC Special Report:

The Collapse of Bear Stearns

__________________________________

Investors have been bracing for more bad news from big U.S. banks reporting their first-quarter results this week as the housing market collapse and credit market turmoil have taken a big toll on their balance sheets.

Merrill is preparing a cost-saving plan that will include job cuts of 10 to 15 percent in some struggling business areas, such as bond financing, the Wall Street Journal reported.

JPMorgan Chase [JPM  Loading...      ()   ], which took over hard-hit investment bank Bear Stearns [BSC  Loading...      ()   ] last month, said Wednesday that its earnings fell 50 percent, though the firm beat analyst expectations.

Wells Fargo [WFC  Loading...      ()   ] also topped forecasts Wednesday.

Merrill issues its results on Thursday.

Earlier in the week, Wachovia [WB  Loading...      ()   ], the number four U.S. bank, posted a surprise first-quarter loss as losses from its mortgage portfolio worsened.

It also cut its dividend and raised $7 billion of capital.

- Reuters contributed to this report.

© 2009 CNBC.com
Tools:
Print EmailAdd This share icon

Current DateTime: 05:11:01 23 Nov 2009
LinksList Documentid: 29016957
Expiration DateTime: 11/23/2009 5:12:57 AM

Current DateTime: 05:11:01 23 Nov 2009
LinksList Documentid: 29017287
Expiration DateTime: 11/23/2009 5:12:27 AM


Current DateTime: 01:36:01 23 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:02:08 23 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:45:44 23 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:02:08 23 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters