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$159.96
- Bear stock closes at $159.96. The average price target from Wall Street research analysts covering the stock, according to Reuters Estimates, is $166.24.
www.reuters.com › article › idUSN17240319
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- What Was Bear Stearns?
- Understanding Bear Stearns
- The Bear Stearns Hedge Fund Collapse
- JPMorgan Chase Buys Bear Stearns' Assets
- Lehman Brothers Collapse
- The Bottom Line
Bear Stearns was a global investment bank located in New York City that collapsed during the 2008 financial crisis. The bank was heavily exposed to mortgage-backed securitiesthat turned into toxic assets when the underlying loans began to default. Bear Stears was ultimately sold to JPMorgan Chase at a fraction of its pre-crisis value.
The Bear Stearns company was founded in 1923 and survived the Stock Market Crash of 1929, becoming a global investment bank with branches around the world. Competent management and risk-taking saw Bear Stearns continue to grow with the global economy. It was one of the many firms to embrace Lewis Ranieri'ssecuritization of debt to create new financ...
The hedge funds using these strategies posted massive losses that required them to be bailed out internally, costing the company several billion upfront and then additional billion-dollar losses in writedownsthroughout the year. This was bad news for Bear Stearns, but the company had a market cap of $20 billion, so the losses were considered unfort...
With insufficient liquidity to open its doors, Bear Stearns approached the Federal Reserve Bank of New York for a cash loan of $25 billion. When that was denied, JPMorgan Chase agreed to buy Bear Stearns for $2 a share, with the Federal Reserve guaranteeing $30 billion in mortgage-backed securities. The final price was ultimately raised to $10 a sh...
The illiquidity that Bear Stearns faced due to its exposure to securitized debt exposed troubles at other investment banks, as well. Many of the biggest banks were heavily exposed to this sort of investment, including Lehman Brothers, a major lender of subprime mortgages. By 2007, Lehman Brothers held $111 billion in real-estate assets and securiti...
Formerly one of the largest investment banks on Wall Street, the collapse of Bear Stearns is now regarded as a cautionary tale against corporate greed and the whims of the free market. In the housing bubble of the early 2000s, Bear Stearns leaned heavily into mortgage-backed securities, vastly underestimating the risks of the subprime housing marke...
Jan 19, 2018 · But soon after the New York Stock Exchange opened on Friday, March 14, Bear’s stock price began plummeting. By Saturday, J.P. Morgan Chase concluded that Bear Stearns was worth only...
- Missy Sullivan
Sep 30, 2018 · But the backing from the Fed failed to restore confidence in Bear Stearns. The firm’s stock price plunged 47% further on Friday, March 14.
Mar 17, 2008 · Bear stock closes at $159.96. The average price target from Wall Street research analysts covering the stock, according to Reuters Estimates, is $166.24.
The Bear Stearns Companies, Inc. was an American investment bank, ... and found "no evidence that stock price declines were caused by naked short selling." ...
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