(Reuters) - Collateralized debt obligations, or CDOs, are complex bonds that repackage pieces of other loans, including "subprime" mortgages granted to borrowers with weak credit. Analysts say these investments could hurt profits at Merrill Lynch & Co. Inc. and other Wall Street companies.
CDO-related activity could shave about $132 million, or 1.6 percent, off Merrill's 2007 expected net income of $7.85 billion, Bernstein Research analyst Brad Hintz estimated.
Read more at Reuters.com Hot Stocks News
CDO-related activity could shave about $132 million, or 1.6 percent, off Merrill's 2007 expected net income of $7.85 billion, Bernstein Research analyst Brad Hintz estimated.
Read more at Reuters.com Hot Stocks News
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