Bear Stearns profit climbs
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Investment bank Bear Stearns & Co.  Inc.  on Thursday said third-quarter net income rose,  helped by strong sales and trading results.
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Goldman Sachs Group Inc. on Thursday said fourth-quarter profit rose as its fixed-income, currency and commodities business soared while a rebounding stock market boosted investment banking.
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Goldman Sachs Group Inc.  reported higher quarterly profit on Thursday, beating estimates, on record investment banking fees and strong stock trading.
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Wells Fargo & Co.  and U.S.  Bancorp  recorded higher second-quarter profits, leading  a batch of bank earnings on Tuesday, as higher fees offset  pressure on lending margins from rising interest rates.
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TD Ameritrade Holding Corp  on Thursday posted a higher quarterly profit as client assets grew and trading activity rose, prompting the discount brokerage to boost its 2008 profit forecast.
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Bear Stearns Cos.  said on Thursday quarterly net income soared 38 percent helped by gains from fees for merger advice and underwriting debt for corporations and acquisition-hungry private equity firms.
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International Business Machines Corp.  on Tuesday posted a quarterly net profit that beat Wall Street's recently raised profit target as solid year-end product sales were buoyed by a weaker U.S. dollar.
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The investment bank said that private-equity investments and investment banking helped fourth-quarter profit beat Wall Street expectations.
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Goldman Sachs on Thursday said fourth-quarter profit rose 23 per cent as its fixed-income, currency and commodities business soared while a rebounding stock market boosted investment banking.
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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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Goldman Sachs Group Inc  said on Tuesday its fourth-quarter earnings rose as a timely bet against subprime mortgages and higher investment banking fees helped it sidestep the credit crunch that hammered the rest of Wall Street.
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NEW YORK -- Investment banking firm Morgan Stanley said yesterday that its third-quarter profit surged on stronger investment banking and trading business, surpassing analysts' expectations.
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Goldman Sachs Group Inc  said on Thursday that quarterly profit surged 79 percent, blowing away expectations of weak results, as the investment bank generated its second-highest revenue ever despite turbulent summer markets.
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Bear Stearns Cos.  said on  Thursday quarterly net income soared 38 percent helped by gains  from fees for merger advice and underwriting debt for  corporations and acquisition-hungry private equity firms.
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Bear Stearns earned a big slice of Wall Street's growing pie.
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NEW YORK -- Bear Stearns Cos., the fifth-largest U.S. investment house, on Thursday reported robust capital markets and investment banking activity helped it achieve the best fourth quarter in the company's history.
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Cooper Tire and Rubber Co.  posted much better-than-expected quarterly profit on Thursday on strength in its key North American market, sending its shares up as much as 11 percent.