Bank Earnings Are Fugly !

October 16, 2008 9:15am by Barry Ritholtz

Wow, this is some collection of disasters:

• Merrill Lynch Reports Fifth Straight Quarterly Loss; Merrill’s Net Loss Widens on $9.5 Billion in Write-Downs

• Citigroup reports $2.8 billion loss, hit by credit losses; Citigroup Posts Fourth Consecutive Loss on Mortgage Writedowns

• Switzerland Gives UBS a Bailout; Credit Suisse Raises Funds

• UBS and Credit Suisse Get Urgent Funds

• Banks Brace for Slump as Economy Weakens

• Wachovia eyed big Buffett investment

The exceptions? Wells Fargo, JPM:

• Earnings stink, but…

• Way To Go, Wells Fargo

• JPMorgan profits fall, but top views

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