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To: ChanceIs who wrote (122758)5/13/2008 1:46:34 PM
From: ChanceIsRead Replies (1) | Respond to of 306849
 
Capital One falls after Citi says sell

>>>From previous post - worth special mention.<<<

Shares of Capital One Financial Corp. led all decliners in the financial sector Tuesday, falling 4% after Citigroup analysts called recent gains in the shares overdone and said that the stock should be sold.

"While our main concern remains credit-quality deterioration, which appears to be accelerating, we are also increasingly worried about the prospects for near- to intermediate-term revenue growth," the analysts remarked.

Citi said it's particularly cautious about slowing loan growth and weakening consumer spending, and added that it expects both metrics to contract.



To: ChanceIs who wrote (122758)5/13/2008 1:55:15 PM
From: Smiling BobRespond to of 306849
 
Meredith is trying to be the Ivy Zellman of the financials.
While the audience is listening, she regularly repeats her position in trying to establish herself.

She'll be gone from Oppenheimer and independent soon enough.



To: ChanceIs who wrote (122758)5/17/2008 1:56:37 PM
From: Peter VRead Replies (2) | Respond to of 306849
 
Morgan Stanley cut 1,500 jobs this week

Fri May 16, 2008 6:46pm EDT

NEW YORK (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) cut 1,500 jobs this week across its investment banking, trading and asset management businesses, a person familiar with the situation said Friday, a 5 percent reduction of non-broker employees.

Most of the cuts hit employees in the United States and Europe, the source said. A few of the affected employees have not been notified yet.

As reported earlier this month, the second-largest investment bank is taking steps to cut 5 percent of employees across almost every business, excluding the retail brokerage division.

Including this latest round, Morgan Stanley has slashed more than 4,400 mortgage, banking and trading jobs to reduce expenses and weather a period of slowing revenue.

Morgan Stanley had 47,050 employees at the end of February.