Merrill 3Q Roiled by Mortgage Crisis
Story date: 2007-10-24 09:36:00
Added on: 2007-10-24 12:00:18
Forbes - ... market environment has showed renewed signs of volatility and weakness, as shown by recent downgrades on thousands of mortgage ... The broker reported a loss after paying preferred dividends of $2.31 billion, or $2.82 per share, compared to a profit of $3 ...
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