Results for "earnings"

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TD Ameritrade 2Q net down 29%, new assets off 7%

April 21, 2009

In spite of increased client trading, TD Ameritrade Holding Corp.’s fiscal second-quarter profit fell 29.2% from a year earlier, to $132 million, on plummeting net interest revenue, the company said today. The Omaha, Neb.-based company, which...

BofA shares drop despite quarterly profit

April 20, 2009

Bank of America Corp. warned of worsening loan default problems Monday even as it posted a first-quarter profit of $2.81 billion. Investors concerned about the banking industry's health sent financial stocks and the overall market sharply lower....

Citi's 1Q profit spike: Less than meets the eye

April 17, 2009

Citigroup Inc. Chief Executive Vikram Pandit put his credibility on the line last month when he wrote a memo saying the bank, after five consecutive quarters of losses, at last was profitable. It turns out that depends on which definition of...

UBS to slash 8,700 jobs after feared $1.75B Q1 loss

April 15, 2009

UBS AG, Switzerland's largest bank, said today it expects a first quarter loss of nearly 2 billion Swiss francs ($1.75 billion) and announced plans to cut 8,700 jobs worldwide by the end of next year. The job cuts will hit the United States...

Goldman reports 1Q profit of $1.7B

April 13, 2009

Goldman Sachs Group Inc. has beat Wall Street's earnings expectations, reporting profit of $1.7 billion during the first three months of this year. It's another sign that banks may be turning themselves around. The bank, considered one of the...

Piper Jaffray books $153.3 million loss

February 2, 2009

Piper Jaffray & Co. today reported a $153.3 net loss, or a loss of $9.78 diluted earnings per share, for the fourth quarter. In the fourth quarter of 2007, the Minneapolis-based international middle-market investment firm reported earnings of...

Profits plunging, Janus drops institutional money funds

January 22, 2009

Janus Capital Group Inc. today reported that its fourth-quarter profit fell 85%, and it announced plans to get out of the institutional money market business. The Denver-based company’s earnings fell to $7.8 million, or 5 cents a share, from...

AllianceBernstein’s profit falls 73%

January 22, 2009

AllianceBernstein LP reported a 73% fourth-quarter-profit decline, while CIT Group Inc. and Fifth Third Bancorp posted fourth-quarter losses stemming from bad loans. AllianceBernstein reported income of $25.7 million, or 29 cents a share, down...

Jefferies books $443M fourth-quarter loss

January 20, 2009

Jefferies Group Inc. reported a fourth-quarter loss of $443 million, or $2.41 a share, due to write-downs on stock options. The New York-based investment bank, which has now suffered five straight quarterly losses, incurred around $328 million...

State Street drops 71%, missing expectations

January 20, 2009

State Street Corp. today reported a 71% profit drop in fourth-quarter earnings, along with increased unrealized losses in its commercial paper program and investment portfolio. The Boston-based money manager’s fourth-quarter net income was...

Schwab says expense cuts to continue this year

January 16, 2009

Charles Schwab & Co. Inc., which late last year said it would eliminate more than 100 jobs at all levels amid the economic slowdown, said Friday that it will continue to reduce expenses. “We are proceeding with our previously announced effort...

Embattled BofA takes fourth-quarter beating

January 16, 2009

Bank of America Corp. suffered its first quarterly loss in 17 years due to escalating credit costs, write-downs of $10.47 billion and trading losses in its capital markets businesses. The Charlotte, N.C.-based bank’s fourth-quarter loss of...

H&R Block posts loss but gains some ground

December 9, 2008

H&R Block Inc. posted a second-quarter loss today but improved from the year-earlier period. The Kansas City, Mo.-based tax services provider reported a net loss of $134.9 million, or 41 cents a share, for the quarter ended Oct. 31, compared...

Eaton Vance

November 25, 2008

Eaton Vance Corp. posted a 43% profit drop for its fiscal fourth quarter today after incurring $17.4 million in impairments stemming from the credit crunch. The Boston-based investment management firm’s net income for the quarter ended Oct....

Fannie loses $13 a share; GLG Partners’ profit dips

November 10, 2008

Fannie Mae posted a large third-quarter loss, while the profit at GLG Partners LP fell. Washington-based Fannie Mae recorded a loss of $29 billion, or $13 a share, in the third quarter. That compared with a loss of $1.4 billion, or $1.56 a share,...

National Financial Partners and its firms struggle

November 9, 2008

National Financial Partners Corp., the amalgamator of financial planning firms whose shares have plunged 90.7% in the past 52 weeks, is renegotiating its bank credit lines, suspending its dividend and share buybacks and temporarily ceasing acquisitions...

U.S. Bancorp, BlackRock, Ohio banks

October 21, 2008

U.S. Bancorp reported that its third-quarter earnings fell 47% to $576 million, or 32 cents a share, from $1.1 billion, or 62 cents a share, in the year-ago period. The Minneapolis–based bank incurred $748 million in provisions for credit losses...

Merrill, Citi, State Street, PNC and BNY Mellon

October 16, 2008

Merrill Lynch & Co. Inc. and Citigroup Inc. were walloped by third-quarter losses, while State Street Corp., The PNC Financial Services Group Inc. and Bank of New York Mellon Corp. posted profits. Merrill Lynch, which is in the process of being...

JPMorgan, Schwab, Wells Fargo and Piper

October 15, 2008

JPMorgan Chase & Co., The Charles Schwab Corp. and Wells Fargo & Co. recorded third-quarter profit drops while Piper Jaffray Cos. swung to a quarterly loss as all four firms felt the effects of market turmoil. New York-based JPMorgan Chase reported...

Société Générale expects 3Q profit

October 14, 2008

Despite being hit with a trading scandal this year and being exposed to assets from the now-bankrupt Lehman Brothers Holdings Inc. of New York, Société Générale SA is estimating a third-quarter profit. The Paris-based bank said today that...

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