Lehman Brothers – A Fall from Grace
Lehman Brothers’ stock had been attempting to sell at $86 a share in February 2007, offering the business an industry capitalization Market Capitalization marketplace Capitalization (Market Cap) is considered the most market that is recent of a company’s outstanding stocks. Marketplace Cap is add up to the share that is current increased by the sheer number of shares outstanding. The spending community usually makes use of industry capitalization value to rank businesses of almost $60 billion. The company reported a new record high in net income, over $4 billion for the year. In January 2008, Lehman Brothers had been the investment that is fourth-largest in the U.S.
In March, right after Bear Stearns (the second-largest owner of mortgage-backed securities Mortgage-Backed safety (MBS) a security that is mortgage-backedMBS) is really a financial obligation protection that is collateralized by home financing or an accumulation mortgages.