As I said before, the big financials will continue to have losses until late in the 3rd Qtr or 4th Qtr this year. Heritage will be running rings around them all year long. **Merrill Lynch 2008 Profit Estimate Cut 45% at JPMorgan
By Allen Wan
March 25 (Bloomberg) -- Merrill Lynch & Co. had its 2008 profit estimates cut by 45 percent at JPMorgan Chase & Co. on concern the third-largest U.S. securities firm may report further writedowns on subprime mortgages.** (partial excerpt from Bloomberg today) MHO - RTB