Lehman Brothers Holding Co.

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Citi, Merrill, Lehman, WaMu See Shares Hit by Analysts’ Calls

Jun 09, 2008By

The credit crunch isn’t over yet, not with downgrades to major monoline bond insurers and private mortgage insurance providers last week by key credit rating agencies. Not with housing prices still likely to slide further in the months ahead. Not with option ARM resets looming, and HELOCs provining to be problematic That’s the message coalescing Monday in two key analyst reports that sent financial and banking company shares tumbling, despite overall recovery in U.S. stock markets on Monday.

3d rendering of a row of luxury townhouses along a street

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