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Citigroup's Q2 Profits Rise Amidst Rising Costs
AHN
Citigroup Inc. on Monday announced its second-quarter profit rose 4 percent due to an improvement in investment banking. The company said consumer banking results improved, while loan losses fell. The increase in profits was also motivated by growth in the volume of international credit card...
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Citigroup 2nd-qtr profit rises
YAHOO
Reuters - Citigroup Inc. , the world's
largest bank by market value, on Monday said second-quarter
profit rose, helped by growth in corporate and investment
banking.
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Bear Stearns profit soars 81 percent
YAHOO
Reuters - Bear Stearns Cos. said on
Thursday its quarterly profit rose 81 percent as investment
banking and capital markets revenues jumped.
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Goldman Sachs' Earnings Skyrocket
AHN
Goldman Sachs Group Inc. on Tuesday announced its second-quarter profits doubled following an increase in investment banking and trading.
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Goldman Sachs earnings surge
YAHOO
Reuters - Investment bank Goldman Sachs Group
Inc. on Tuesday said its second-quarter earnings more
than doubled, boosted by strong investment banking and trading
results.
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Bank of America net up 13.5 pct on trading, MBNA
YAHOO
Reuters - Bank of America Corp. on
Thursday said first-quarter profit rose 13.5 percent, topping
Wall Street forecasts, helped by record investment banking fees
and trading profit and the purchase of credit card issuer MBNA
Corp.
Sources: YAHOO
JPMorgan Chase Q1 profit rises
YAHOO
Reuters - JPMorgan Chase & Co. , the
third-largest U.S. bank, on Wednesday said first-quarter profit
surged, beating expectations with help from growth in
investment banking, credit cards and consumer banking.
Sources: YAHOO
Citigroup leads US banks in posting higher profits
YAHOO
Reuters - Citigroup Inc. on Monday led
large U.S. banks in reporting higher first-quarter profits, as
strength in investment banking and trading offset a slowing
growth in consumer banking.
Sources: YAHOO
Citigroup's 1Q Profit Beats Projections
AHN
Citigroup Inc., the nation's largest financial institution, on Monday reported its first-quarter profit sailed past Wall Street projections due to record investment banking returns.
The company reported a profit of $5.64 billion, or $1.12...
Sources: AHN
Citigroup first-quarter profit rises 4 percent
YAHOO
Reuters - Citigroup Inc. on Monday said
first-quarter profit rose 4 percent as record revenue from
corporate and investment banking and from its non-U.S. units
offset weakness in U.S. consumer banking operations.
Sources: YAHOO
Morgan Stanley 1st-quarter earnings rise
YAHOO
Reuters - Morgan Stanley on Wednesday said
quarterly profit and revenue rose 17 percent, both to record
highs, as investment banking surged, retail businesses
rebounded from past disappointments and trading income remained
strong.
Sources: YAHOO
Bear Stearns Posts 1Q Profit, Fined $250M
YAHOO
AP - Bear Stearns Cos. on Thursday became the third brokerage in as many days to post record first-quarter earnings and revenues, but the good news was overshadowed by old problems — illegal market timing practices that bilked mutual fund investors out of millions.
Sources: YAHOO
Bear Stearns Posts 1Q Profit, Fined $250M
YAHOO
AP - Bear Stearns Cos. on Thursday became the third brokerage in as many days to posted record first-quarter earnings and revenues, but the good news was overshadowed by old problems — illegal market timing practices that bilked mutual fund investors out of millions.
Sources: YAHOO
NYSE, SEC Fine Bear Stearns $250 Million
YAHOO
AP - Bear Stearns Cos. said Thursday it was fined $250 million by the New York Stock Exchange and the Securities and Exchange Commission for fraudulent market timing and late trading of mutual funds.
Sources: YAHOO
Bear Stearns first quarter profit rises
YAHOO
Reuters - Bear Stearns Cos. said on
Thursday its quarterly profit rose 36 percent, boosted by
strong equities trading and investment banking results.
Sources: YAHOO
Lehman Brothers quarterly earnings rise
YAHOO
Reuters - Lehman Brothers Holdings Inc. on
Wednesday reported record quarterly profit and revenue amid
surprisingly strong trading results, robust investment banking
activity and investment gains.
Sources: YAHOO
Goldman Sachs Profits Up
AHN
Yvonne Lee - AHN Staff Reporter
New York, NY (AHN) - Goldman Sachs Group Inc. reports its first-quarter profits climbed 62 percent.
The investment banking firm's earnings totaled $2.45 billion, or $5.08 per share in the quarter ending Feb. 24. This compares to $1.51 billion, or $2.94 per share...
Sources: AHN
Goldman Sachs Profits Up
AHN
Yvonne Lee - AHN Staff Reporter
New York, NY (AHN) - Goldman Sachs Group Inc. reports its first-quarter profits climbed 62-percent. The investment banking firm's earnings totaled $2.45 billion, or $5.08 per share in the quarter ending Feb. 24. This compares to $1.51 billion, or $2.94 per share...
Sources: AHN
JPMorgan Cazenove revenues rise 18 pct in 2005
YAHOO
Reuters - JPMorgan Cazenove, the UK investment
banking joint venture, said on Tuesday total revenues rose 18
percent in 2005 to 342 million pounds ($594.9 million) on a
pro-forma basis.
Sources: YAHOO
HSBC plans investment bank unit shake-up: source
YAHOO
Reuters - Europe's biggest bank, HSBC Holdings
, is planning a shake-up of its investment banking
operation following a personnel change at the head of the unit,
a source familiar with the matter said on Thursday.
Sources: YAHOO
Barclays 2005 profit up 15 pct on BarCap boom
YAHOO
Reuters - Barclays Plc , Britain's
third-biggest bank, said on Tuesday profits jumped 15 percent
to a record last year, just beating analysts' forecasts as a
jump in investment banking income offset a big rise in bad
debts.
Sources: YAHOO
Morgan Stanley senior bankers Brown, Medici quit
YAHOO
Reuters - Morgan Stanley's vice chairman
of investment banking, Douglas Brown, a senior banker who
worked with some of the Wall Street firm's biggest clients,
quit earlier this week amid a continued shake-up of its ranks.
Sources: YAHOO
JPMorgan Chase quarterly profit rises
YAHOO
Reuters - JPMorgan Chase & Co. said on Wednesday
quarterly earnings rose as investment banking profits offset
weaker trading revenue and losses from a surge in bankruptcy
filings.
Sources: YAHOO
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