Scott Patterson

‘Bloodbath’ or Overreaction? When it Comes to Subprime, The Jury is Still Out HW+

A quick scan of the Wall Street Journal today offers a glimpse into what has become a pretty confusing market. Merrill Lynch reported earnings this morning that beat analyst estimates by roughly 11 percent, booking net income of $2.14 billion in the second quarter, up 31 percent from the year-ago period.