The Balance Sheet (Special Bear Stearns Edition)
Published: Mar 21, 2008
Job cuts announced by UBS in 2008: 8,000
Job cuts announced by Citi in 2008 : 6,000
Percent of Citi Markets & Banking employees laid off since the mortgage crisis began: 10
Percent of Bear Stearns New York-based workforce expected to lose their jobs as a result of the JPMorgan acquisition: 50
Year that Bear Stearns went public: 1985
Highest price that Bear Stearns' shares traded for in 2007: $159
Per-share price offered by JPMorgan to buy Bear: $2
Dollar amount offered by JPMorgan to buy Bear: $236 million
Value of Bear Stearns' Madison Avenue office building: $1.2 billion
Per-share closing price of Bear Stearns' shares on March 21, 2008, five days after JPMorgan's offer: $5.96
Dollar amount that Visa raised in its March 20, 2008, IPO, the new U.S. record that was lead-managed by JPMorgan and Goldman Sachs: $17.9 billion
Percent increase in the value of Visa's shares after their first day of trading: 28.4
Percent decrease in Goldman Sachs’ first-quarter 2008 net income versus a year earlier: 52
Percent increase in Goldman's share price on the day it released the results: 13
Percent decrease in Lehman Brothers’ first-quarter 2008 net income versus a year earlier: 57
Percent increase in Lehman's share price on the day it released the results: 38
Percent decrease in Morgan Stanley’s first-quarter 2008 net income versus a year earlier: 42
Percent increase in Morgan Stanley's share price in the two days since it released the results: 16
Percent decrease in Credit Suisse's share price on the day it announced it expects to post its first quarterly loss since 2003: 37