Profit falls at Lehman Brothers
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Lehman Brothers, the first of the big US investment banks to report results, says its profits have fallen.
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Bank of New York Mellon Corp  said on Thursday fourth-quarter profit fell, reflecting a one-time gain a year earlier.
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U.S. investment bank Morgan Stanley  on Wednesday said quarterly profit dropped 34 percent amid reduced trading revenue, falling well short of Wall Street's already-lowered expectations and pushing the company's shares down more than 8 percent.
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J.P. Morgan Chase & Co. JPM.N, the  No. 2 U.S. bank, said  on Wednesday profit fell in the third  quarter, missing analyst expectations, as a result of costs  from its July merger with Bank One Corp. and lower fixed-income  revenues.
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US investment bank Morgan Stanley on Wednesday said quarterly profit dropped by a third on lower bond trading revenue, weak equities results and higher expenses, falling
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NEW YORK - Lehman Brothers Holdings Inc., Wall Street's fourth-largest securities firm, on Wednesday delivered third-quarter profit above projections despite a slowdown in its key investment banking business.  Lehman said it was snared in challenging market conditions.
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Lehman Brothers Holdings Inc  said on Thursday that quarterly earnings fell 11 percent, hurt by writedowns in bond trading, but results beat analysts' average expectations.
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Stocks slid on Thursday as a profit warning from credit card company Capital One Financial Corp  added to concerns about the impact of the credit crisis and housing slump on the economy.
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JPMorgan Chase & Co  said on Wednesday quarterly profit fell a worse-than-expected 24 percent as the No. 3 U.S. bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity and auto loans.
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U.S. investment bank Lehman Brothers Holdings Inc.  on Wednesday said fourth-quarter profit rose 22 percent on continued strength from fixed-income businesses and record investment banking revenue.
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U.S. stocks fell on Wednesday as  weaker-than-expected earnings from J.P. Morgan Chase & Co.  JPM.N, the second largest U.S. bank, dampened Wall Street's  mood.
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Zurich Financial Services AG, Switzerland s biggest insurer, had its first quarterly profit decline in two years amid costs from the worst U.S. hurricane season in more than a century.
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JPMorgan Chase &amp; Co. third quarter profits fell 13 percent, mainly because of weakness in trading operations and costs related to its merger with Bank One.
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US investment bank Morgan Stanley (MWD.N: Quote, Profile, Research) on Wednesday said quarterly profit dropped 34 percent amid reduced trading revenue, falling well short of Wall Street&#39;s already-lowered expectations after a
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U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped 34 percent  amid reduced trading revenue, falling well short of Wall  Street's already-lowered expectations after a summer of  sluggish market activity.
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Bank of America Corp  said on Thursday that quarterly profit fell a much larger-than-expected 32 percent, hurt by mounting credit losses and poor trading results in its investment banking unit.
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Barclays, the nation's third-biggest bank, said on Tuesday that net profits sank in 2007 owing to fallout from the US subprime housing crisis and the related global credit squeeze.