Tuesday, April 07, 2009

Whitney: Banks Improve, Housing down another 30 Percent

Banking analyst Meredith Whitney talks about the outlook for financials.

Cliff notes:
  • First five minutes of the tape on Banks
  • Gets to the drop in housing prices at the five minute, thirty second mark.
  • "I think you’ll see a directional turn," Whitney said in a live interview. "Banks will make a little money, as little as a penny a share, but they won’t lose money."
  • Said she expected home prices to fall another 30 percent, contrary to some predictions that housing may have bottomed.(link refers to Diana Olick--yikes)

Banks' 1st-Quarter Results May Show Improvement: Whitney

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