Lehman shares edge lower on 3rd-quarter worries

Shares of Lehman Brothers Holdings Inc. edged lower Monday amid worries the company may face a fiscal third-quarter loss instead of a modest profit that many analysts had expected.

The nation's fourth-largest investment bank continues to struggle with writing down the value of mortgage-backed securities and other risky investments. Lehman could lose up to $1.8 billion, according to The Wall Street Journal. In June, Lehman unexpectedly reported a loss of $2.8 billion — the first quarterly loss since going public.

Such a loss could force Chief Executive Richard Fuld to raise fresh capital. There has been speculation in recent weeks that he might consider selling or spinning off Lehman's investment management division, which is anchored by unit Neuberger Berman.

The amount of money that might have to be raised could reach $6 billion, according to The Wall Street Journal.

A spokeswoman for Lehman declined to comment.

Share of Lehman fell $1.14, or 7.1 percent, to $15.03 Monday. The stock has plunged 42 percent since June, and is down 82 percent from its 52-week high set last year.

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