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Meredith Whitney's Muni Market Call May Have Just Been 6 Years Too Early
Thursday, June 9, 2016 - 10:52am | 494Six years after Meredith Whitney told "60 Minutes" that municipal bonds were the “largest threat to the U.S. economy,” Whitney may finally be starting to feel some vindication. For years, Whitney was chastised by the Wall Street Journal and others for being totally wrong on her call for...
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Meredith Whitney on Bloomberg TV: Own Bank of America Stock
Thursday, February 7, 2013 - 4:11pm | 1313Meredith Whitney appeared on "Bloomberg Surveillance" this morning and told Tom Keene and Sara Eisen and said that she's "uninspired" by Citigroup CEO Michael Corbat. Whitney said, "We don't really know Mike Corbat's agenda…He didn't give us an agenda and he didn't even give us a time stamp for...
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Want a Contrarian Trade? Sell Bank of America
Wednesday, January 2, 2013 - 3:39pm | 681Suddenly, Bank of America (NYSE: BAC) has become everyone's favorite stock. Across Wall Street, analysts have been tripping over themselves to upgrade the bank in the wake of its stellar 2012 performance. Bank of America traded up well over three percent early on Wednesday, kicking off the first...
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Meredith Whitney Says Banking Sector Will Lose 50,000 More Jobs
Tuesday, July 31, 2012 - 1:58pm | 973Tuesday, banking analyst Meredith Whitney appeared on “Bloomberg Surveillance” with Tom Keene and Scarlet Fu. In this appearance, Whitney said that as companies shrink headcount to match shrinking revenue, the banking industry will lose 50,000 more jobs. In addition she commented, “I would argue...
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Meredith Whitney on Bloomberg: Dimon is Incredible, Still Bearish on Citi
Tuesday, June 19, 2012 - 3:30pm | 431Earlier today, Meredith Whitney of Meredith Whitney Advisory Group appeared on Bloomberg Surveillance to discuss JP Morgan (NYSE: JPM), the overall banking industry, and the U.S. economy. Whitney noted that she does not think the trading loss could have happened at a worse time for the banking...
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Whtiney: Widely Bullish on Some Parts of US Economy
Wednesday, April 25, 2012 - 3:30pm | 154Analyst Meredith Whitney appeared on CNBC earlier. She stated that the economy was mixed, but not growing directly. She stated US banks were trying to get assets from European banks, who continued to struggle. Whitney stated that she was widely bullish on some parts of the US market, but as a...
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UPDATE: Meredith Whitney Upgrades Citi
Wednesday, April 18, 2012 - 10:36am | 71According to a research report published this morning, Meredith Whitney has upgraded Citi (NYSE: C) from Underperform to Hold. In the report, Meredith Whitney commented, “Coincident with 1Q12 earnings, we are upgrading C shares to HOLD from UNDERPERFORM, as improving operating metrics and a still...
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Meredith Whitney on CNBC: Stay Tuned for Municipal Meltdown
Wednesday, March 14, 2012 - 3:53pm | 275Earlier on CNBC, analyst Meredith Whitney discussed her outlook for bank stocks and municipal debt. Late in 2010, Whitney made a call on municipal debt. In a segment on 60 Minutes, Whitney predicted that the US would soon experience a wave of municipal defaults. Thus far, her prediction has not...
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Hearing Visa Downgraded to Outperform at Meredith Whitney
Thursday, November 3, 2011 - 11:37am -
Meredith Whitney Shouldn't Pop the Cork Just Yet
Wednesday, October 12, 2011 - 10:19am | 823Reputed analyst Meredith Whitney of Meredith Whitney Advisory Group went on TV at the end of 2010, and predicted that we could see fifty to one hundred large size municipal defaults, totaling "hundreds of billions of dollars." So far we have seen nothing like that in this country, with a few...
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Is Meredith Whitney's Bullish View of the U.S. a Good Sign?
Wednesday, September 14, 2011 - 1:43pm | 399Her pessimism has had quite an impact on the U.S. economy. Can her optimism do the same? Banking analyst Meredith Whitney is making headlines today for her support of the “emerging markets” within the United States. She is particularly intrigued by the agricultural states, noting that China's...
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Meredith Whitney More Bullish On U.S.
Wednesday, September 14, 2011 - 10:00am | 976Maria Bartiromo of CNBC is at the Delivering Alpha conference and she is speaking with Blackrock (NYSE: BLK) CEO Larry Fink, Meredith Whitney, Jim Leech, and Pierre Lagrange. Meredith Whitney said that she is more bullish on U.S. then other markets, for the fact that the U.S has "ermrging markets...
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When All Else Fails, Turn To Warren
Thursday, August 25, 2011 - 9:34am | 724Warren Buffett did it again. Bank of America (NYSE: BAC) announced this morning it would be selling 50,000 preferred shares to Warren Buffett and Berkshire Hathaway (NYSE: BRK-A), worth $5 billion. Buffett, as is his customary deal, will also get warrants to purchase 700 million shares at an...
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With Meredith Whitney Defending BofA, Is It Time To Buy?
Wednesday, August 24, 2011 - 10:13am | 824Meredith Whitney, who has been notoriously bearish on the banks in the past, is singing a different tune this morning. Whitney, of Meredith Whitney Advisory Group, said that Bank of America Corp. (NYSE: BAC) does not have to raise capital immediately. In comments captured by Bloomberg, Whitney...
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No Guts, No Glory: Time to Go All In on Banks?
Thursday, August 11, 2011 - 3:50pm | 915No one ever said making money in the market was easy. Sometimes the most profitable trades are the ones where you have to hold your nose when you buy. Recent action in the market has been eerily similar to the financial meltdown in 2008 and 2009, with the big banks being at the epicenter of the...