Wall Street Manna

An irreverent look at Wall Street

Tuesday, September 18, 2007

Investment Bank earnings

Lehman (LEH 58.62) just reported decent earnings, of $1.54 vs. estimates of $1.47, and the stock is trading up 3 in the first few minutes. The cassandras missed this. Next on deck is Morgan Stanley (MS 64.91) on Wednesday, and Bear Sterns (BSC 115.38) and Goldman Sachs (GS 187.61) on Thursday. Don't let the cassandras let you miss these. The problems are already discounted in the price of the stocks.

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