Meredith Whitney Latest News
Meredith Whitney, founder and CEO of the Meredith Whitney Advisory Group, shares her outlook on business reports. Meredith Whitney (born 1970) is a prominent banking analyst and she appears frequently on CNBC, Fox Business, Bloomberg News programs. Based in New York City, Whitney manages her own advisory firm, Meredith Whitney Advisory Group LLC, where she produces company-specific equity research on financial institutions and analyzes the sector’s operating environment. She was formerly a managing director at Oppenheimer & Co.
Here’s our take after watching Meredith Whitney on CNBC’s Squawk Box this morning: She missed the bottom in the financials and now she’s all over the map.
After initially talking up the banks on CNBC, going as far as saying good things about Bank of America (BAC) and Citigroup (C), Meredith then reversed course and started sounding the alarm about economic trouble: more real estate crash, unemployment between 13%-15% (whoah!) and a failure to address what’s really wrong with the banking system.
If things get that bad, it’s hard to see how the bank stocks are still buys here, even Goldman. But consistency probably wasn’t her goal this morning.
Basically, no matter what happens down the road, you’ll be able to find something Meredith Whitney said that ended up being “right”. This double-speak, unfortunately, is a far cry from her early days of boldly sounding the alarm without apology on Citigroup (C).
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