RBC, Canada Pension Plan, MFC Global, and CIBC are all holders of Bear Stearns Stock. All significant amounts, too.
RBC, Canada Pension Plan, MFC Global, and CIBC
- Thread starter 21pro
- Start date
Oh Bear Stearns stock is still trading. In fact its 100% higher than the $2 price being talked about last night. Last I seen it was $4.70.
Hey the dividend is get this...26%! Ok, the divident is gone but the stock will be given J P Morgan stock to replace it, that stock is up 10%.
Hey the dividend is get this...26%! Ok, the divident is gone but the stock will be given J P Morgan stock to replace it, that stock is up 10%.
Nope. they still hold these shares.big dogie said:
this is the worst crisis in BS's 85 year history!!! greater than the great depression.
yes. alot was dumped about a month ago. but, i mean how much they currently disclosed as of monday afternoon.
RY and CM are both up over a buck today and MFC is up almost half a buck. So their exposure to Bear Stearns and others with subprime problems was probably already priced into the market - particularly after that big drop we had yesterday. This uncertainty is the reason our banks are down in the first place.
So, look at some of the US brokerage stocks. Lehman Bothers-LEH up $12 to $43 a share. Bear Stearns-BSC up over $2 at $7.
Theres some fast "easy" money being made today.
Theres some fast "easy" money being made today.
hunter001 said:
No kidding. In this market you need to think and act fast.
Heck last Friday BSC went from like $27 to $34 before closing around $30.50. Could have made a few bucks by buying at $28 and selling at $33 but for those who fail to sell that Friday, they got creamed.
Lehman Bros still made $.81 per share and has access to cash. Not dead yet. And the Dow was up 420 points as well. This is making me dizzy!
http://www.reportonbusiness.com/servlet/story/RTGAM.20080318.wlehman0318/BNStory/robNews/home
Lehman Brothers profit drops 57%
THE CANADIAN PRESS
March 18, 2008 at 9:18 AM EDT
NEW YORK — Lehman Brothers Holdings Inc. has reported first-quarter earnings of $489-million (U.S.) or 81 cents per share, down 57 per cent from a year-ago profit of $1.15-billion, $1.96 per share.
The big Wall Street investment bank said Tuesday it had record activity in its capital markets operations, “offset, in part, by the effect of the continued dislocations in the credit markets that significantly impacted the firm's results.
In the face of worries about its financial solidity, Lehman said it had “unencumbered assets of $64-billion, with an additional $99-billion at our regulated entities,” at the end of the quarter on Feb. 29.
Net revenue for the quarter was $3.5-billion, down 31 per cent from $5-billion a year
http://www.reportonbusiness.com/servlet/story/RTGAM.20080318.wlehman0318/BNStory/robNews/home
Lehman Brothers profit drops 57%
THE CANADIAN PRESS
March 18, 2008 at 9:18 AM EDT
NEW YORK — Lehman Brothers Holdings Inc. has reported first-quarter earnings of $489-million (U.S.) or 81 cents per share, down 57 per cent from a year-ago profit of $1.15-billion, $1.96 per share.
The big Wall Street investment bank said Tuesday it had record activity in its capital markets operations, “offset, in part, by the effect of the continued dislocations in the credit markets that significantly impacted the firm's results.
In the face of worries about its financial solidity, Lehman said it had “unencumbered assets of $64-billion, with an additional $99-billion at our regulated entities,” at the end of the quarter on Feb. 29.
Net revenue for the quarter was $3.5-billion, down 31 per cent from $5-billion a year
The stock closed at over $46 a share.
Not too bad, going from $20.25 to $46 in just about 24 hours! Too bad I didn't grap any shares but those stocks are too wild for this "old" guy. I could have a heart attack watching the stock move-either way
My holdings went up "only" 9% and 7% not no 125%
Not too bad, going from $20.25 to $46 in just about 24 hours! Too bad I didn't grap any shares but those stocks are too wild for this "old" guy. I could have a heart attack watching the stock move-either way
My holdings went up "only" 9% and 7% not no 125%
BTW, Bear Streans closed at $5.91 so if you would have jump in today at $7 or $8 you would not be a "happy camper" right now
I'm clinging to my 3 Cdn banks for the time being. If there are any real bargains in those US investment banks, let RY, BNS or TD step in and buy a slice. I'll wait here. I'm another of those old guys who can't afford to even think about Bear Stearns, Lehman Bros etc. Way too "out there" for me!
these kinda posts are 100% 20/20 hindsight. if you were really confident in BS, you would say that it has another 250% to increase in share price tomorrow.S.C. Joe said:
that would be 'easy' money.
