U.S. Bancorp Q4 profit falls 21 percent
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U.S. Bancorp , the sixth-largest U.S. bank, said on Tuesday fourth-quarter profit fell 21 percent, hurt by losses from loans and money market mutual funds, and a legal settlement.
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M&T Bank Corp , the first large U.S. bank to report fourth-quarter results, said on Monday that profit tumbled 70 percent, hurt by debt write-downs and turbulence in residential real estate markets.
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The bankâs net income slid to $942 million, or 53 cents a share, from $1.19 billion, or 66 cents a share, in the period a year ago.
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TORONTO - Royal Bank said Tuesday the cost of eliminating 1,660 jobs pushed its fourth-quarter earnings down 31 per cent to $518 million.
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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 loans.
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Shares of Fifth Third Bancorp  fell 7.6 percent before the bell on Friday the morning after the ninth-largest U.S. bank said fourth-quarter profit will fall well short of analysts' forecasts,
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The bank said its fourth-quarter earnings fell sharply,  to $268 million from $5.26 billion a year earlier, hurt by mounting credit losses and weak investment banking results.
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The Charles Schwab Corporation, the retail brokerage firm, said Wednesday that fourth-quarter profit fell 34 percent from the period a year ago, which included a tax gain and earnings from its U.S. Trust wealth management unit, which has since been sold.
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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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Wachovia Corp , the fourth-largest U.S. bank, on Friday said third-quarter profit fell, hurt by write-downs related to difficult credit market conditions.
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Kroger Co. KR.N, the largest U.S.  grocer, on Tuesday reported a 25 percent drop in quarterly  profit, hurt by debt redemption costs.
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Earnings at U.S. banks fell slightly in the first three months of the year amid a continuing housing slump and tightening credit standards, a banking regulator said on Thursday.
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Wells Fargo & Co  on Wednesday said fourth-quarter profit fell, the first decline in more than six years, hurt by rising losses from home equity loans.
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Wells Fargo & Co  on Wednesday  said fourth-quarter profit fell, the first decline in more than  six years, hurt by rising losses from home equity loans.
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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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The investment bank said 3rd-quarter profit fell to $1.54 billion, hurt by a global credit crisis that cut into stock trading, corporate lending, and results from investments.
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Quarterly profit fell a much larger-than-expected 32 percent, hurt by mounting credit losses and poor trading results in the bankâs investment banking unit.