Lehman Brothers Profit Climbs 27%
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The second-quarter report, a record for the firm, potentially augurs a good week for Wall Street earnings reports.
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Lehman Brothers, one of a handful of Wall Street banks to avoid large losses related to subprime mortgages, reported better than expected earnings for the fourth quarter.
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Lehman Brothers Holdings Inc. LEH.N  Chairman and Chief Executive Richard Fuld received $26.3  million in compensation last year, a 33 percent increase from a  year earlier, as profit rose to a record.
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Lehman Brothers Holdings Inc. , said on Tuesday that quarterly profit rose 27 percent, beating expectations, on surging revenue from bond underwriting and stock trading.
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Retailer Sears Holdings Corp. said Thursday its fourth-quarter earnings rose 27 percent, ahead of Wall Street forecasts as margins improved despite weaker sales at established stores.
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U.S. stocks closed slightly higher on  Wednesday, as better-than-expected quarterly results from  investment bank Lehman Brothers Holdings Inc. LEH.N helped to  offset a two-week high in crude oil prices.
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Investment bank Lehman Brothers Holdings Inc.  on Thursday said fiscal fourth-quarter profit rose 22 percent with record revenue from virtually every business line, but investors expecting even better results sent its shares down in premarket trade.
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Citigroup Inc. , the largest U.S. bank, said on Friday that second-quarter profit rose, helped by record revenue and expense controls.
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Lehman Brothers Holdings Inc. on Wednesday said fourth-quarter earnings rose 22 percent, driven by record revenue in its investment banking and capital markets segments.
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The Hewlett-Packard Co said on Tuesday that its profits rose 27 percent in the fourth quarter as revenues reached record levels across its business lines.
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Lehman Brothers Holdings Inc. LEH.N   on Wednesday said strong trading and investment management   revenue lifted third-quarter earnings by a better-than-expected   4 percent, bringing the company's shares to their highest level   since May.
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M&amp;T Bank Corp. , which counts  billionaire Warren Buffett as its second-largest shareholder,  on Wednesday said quarterly profit rose 8 percent, helped by  rising mortgage banking revenue.
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Goldman Sachs Group Inc. (GS.N: Quote, Profile, Research) on Thursday said fourth-quarter profit rose 23 percent as its fixed-income, currency and commodities business soared while
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MasterCard Inc  on Thursday said its fourth-quarter operating profit surged, pushing shares of the credit card network up more than 7 percent.
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The Hewlett-Packard Company said yesterday that its profits rose 27 percent in the fourth quarter as revenues reached record levels across its business lines.
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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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Package delivery company FedEx Corp.   said on Wednesday that quarterly net profit increased  27 percent on strong international and U.S. economic growth,  beating market expectations.