Leh Q4 2007

overall --NI 886 mil, EPS 1.72, fell 12%, higher than est 1.44 --Rev 4.2 bil, -3% YoY and +2% MoM, bouyed by equity trading and merger advisory fees --Net mortgage related writedowns $830 mil Credit Market Capital Market --Fixed Income Capital Markets, net revenues of $860 million, a decrease of 60% from $2.1 billion in the fourth quarter of fiscal 2006, due to the very challenging markets experienced during the period. --Net FI writeoff 830 mil --Equity trading 1.9%, +100% Investment Banking --831 mil, -3% Asset Management --832, +30% Others --no unhedged CDOs are owned --Level 3 assets jumped 57% to 34.7 bil in Q3 --6.3 bil subprime exposure at Q3 comments --risk-mitigation tactics is at work