Friday, August 29, 2008

Merrill Lynch: 1/4 of All Historical Profits Gone

Per the FT:

Merrill Lynch’s losses in the past 18 months amount to about a quarter of the profits it has made in its 36 years as a listed company, according to FT research. Merrill had the highest ratio of credit crunch losses to historical profits among 10 western financial groups analysed by the FT, which included Citigroup, JPMorgan, Bank of America, Morgan Stanley, Goldman Sachs, Lehman Brothers, Credit Suisse and UBS.
It's almost frightening how much this looks like a previously posted GM Chart...