Who is Meredith Whitney?
Whitney is a prominent banking analyst and frequently appears on CNBC, Fox Business, and Bloomberg News programs. She manages her own advisory firm called Meredith Whitney Advisor Group LLC. The firm produces company-specific equity research on financial institutions and analyzes the sector’s operating environment.
Meredith Whitney is a veteran of Wall Street research for more then 15 years. Meredith Whitney (born 1970) was a managing director of Oppenheimer & Co. (which acquired certain former assets of CIBC World Markets, a division of the Canadian Imperial Bank of Commerce in January 2008). She now manages her own firm, Meredith Whitney LLC, and works in New York, where she analyzes the stocks of financial institutions. She is a prominent banking analyst and she appears regularly on Cavuto on Business, a Fox News program, Bloomberg and CNBC shows. She graduated with honors from Brown and was a member of the first co-ed graduating class of The Lawrenceville School. She resigned from Oppenheimer & Co. on February 19, 2009 to establish her own firm. What we have seen in the financial meltdown, I bet Meredith hasn’t seen it yet..She is still dealing with numbers and not the lazy culture.
Stock analyst Meredith Whitney is a regular commentator on the Fox News Channel. In late October of last year, Whitney predicted that Citigroup (C) would have to sell assets or cut its dividend. She also downgraded the stock to essentially a “sell.” That report peeled $15 billion off Citi’s market value in one day and, some say, helped usher then CEO Chuck Prince into an unceremonious retirement. On Jan. 15, Citi slashed its dividend by 41%. When I talked with Whitney on Feb. 6, she had just downgraded Goldman Sachs (GS) even though she’s a big fan. And Whitney was expecting losses in the following week when major European banks report earnings. Facts 1. Born: ca. 1970 2. Analyst for Oppenheimer & Co. 3. Predicted in August 2008 that the U.S. credit crisis would continue 4. Whitney’s prediction detailed in a Fortune magazine article entitled “The Woman Who Called Wall Street’s Meltdown and What She Sees Next” 5. Whitney predicts decline in housing prices could be near 40 percent 6. Mar
The first question is simpler to answer. Whitney, 38, grew up in Bethesda, Md., one of three daughters born to Richard Whitney, a venture capitalist and onetime official in Richard Nixon’s Department of Commerce (but not part of the famous Whitney clan that includes Eli and John Hay Whitney), and Barbara Gentry, an executive recruiter. She prepped at Lawrenceville, graduated from Brown University in 1992 (Whitney and I overlapped at Brown but didn’t know each other), and has been working in Wall Street research pretty much ever since. Fortune Her only break from the Street was her stint at Fox’s Bulls and Bears from 2003 to 2004. She took the TV gig, she says, after a noncompete with a former employer barred her from immediately accepting another analyst job. Older sister Wendy Taylor says Meredith has always been one part workaholic and one part Ms. Popularity. It isn’t an easy combo to pull off, but Whitney perfected the balancing act at a young age. Case in point: She was once the y
