Merrill Lynch's (MER) Market-Cap Falls Below BlackRock's
Tweet
Share
E-mail
With shares of Merrill Lynch (NYSE: MER) down another 11% today, its market cap is now lower than BlackRock, Inc. (NYSE: BLK), a company it owns 50% of.
The pressure in Merrill Lynch has been related to the fall of Lehman (NYSE: LEH). Merrill is considered the next weakest link in investment banking due to to its bloated balance sheet.
The pressure in Merrill Lynch has been related to the fall of Lehman (NYSE: LEH). Merrill is considered the next weakest link in investment banking due to to its bloated balance sheet.
You May Also Be Interested In
- Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say
- SpaceX short sellers gain $15.5 billion as shares fall below IPO price
- Brookfield to buy battery firm Aypa from Blackstone - Bloomberg
Create E-mail Alert Related Categories
Insiders' Blog, Rumors, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
