1 hour, 47 minutes ago (Reuters) - Citigroup Inc (C.N) may write down $8.7 billion and Merrill Lynch & Co Inc (MER.N) $4.5 billion in the second quarter, according to analysts at UBS, who also forecast a second-quarter and full-year loss for both companies.The brokerage expects about $1.4 billion of write-downs for JPMorgan Chase & Co (JPM.N) and said though the bank had fared relatively better than most in the financial crisis, it had plenty of vulnerable consumer exposures.
JPMorgan's second quarter will also include the Bear Stearns consolidation, which the brokerage expects to be "messy and a drag on results."
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