Merrill May Post Massive Write-Down

Merrill Lynch will reportedly write down the value of its mortgage holdings by a breathtaking amount next week, but it may finally at least have put the worst behind it.

The hobbled brokerage will reportedly take a $15 billion charge on its mortgage investments when it reports its quarterly earnings on Thursday.

The write-down is much bigger than expected and suggests Merrill Lynch will also announce a larger-than-expected fourth-quarter loss. Analysts polled by Thomson Financial are expecting a loss of $4.57 per share.

Read Full Article from Forbes

- Posted: 2008-01-11 10:54:39

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