TITLE

Powerhouse Lehman has little room to grow

AUTHOR(S)
Elstein, Aaron
PUB. DATE
December 2006
SOURCE
Crain's New York Business;12/11/2006, Vol. 22 Issue 50, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on Lehman Brothers Inc.'s stellar earnings growth. The firm's share price has soared nearly 125% over the past five years. Skeptics note that the firm is now getting squeezed by slowing bond markets, which remain the heart of its business. Fortunately, robust bond markets in Europe more than made up for the slowdown, allowing Lehman to post extraordinarily strong gains in earnings. Analysts expect Lehman's earnings to grow only 4% next year.
ACCESSION #
23579581

 

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