DealBook Blog: Lehmanâs Profits Fall, but Beat Expectations
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In the first sign of the toll that subprime mortgages will take on investment banks for the quarter, Lehman reported a drop in profit, but the firm managed to beat expectations.
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The clothing retailer's profits take a hit on weather woes and bigger-than-expected markdowns
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Annual results show a drop in profits despite better efficiency.
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Lehman Brothers reported standout second-quarter earnings.
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Lehman Brothers Holdings Inc  said on Thursday that quarterly earnings fell 11 percent, hurt by writedowns in bond trading.
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Third-quarter results from Goldman Sachs and Lehman Brothers point to many difficult months ahead for Wall Street.
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Marriott International's fourth-quarter profit fell 7 percent because of a steep drop in revenue from its synthetic-fuel operation, but the company still beat Wall Street's expectations because of strong performance in its core lodging business.
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US investment bank Lehman Brothers Holdings Inc. (LEH.N: Quote, Profile, Research) 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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Lehman Brothers, one of a handful of Wall Street banks to avoid large losses related to subprime mortgages, nonetheless exceeded analystsâ diminished expectations.
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Two large Wall Street firms - Morgan Stanley and Bear Stearns - reported a fall in quarterly profits yesterday in sharp contrast to rival players who presented an upbeat performance the day before.
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The investment firm posts a strong profit report, but shares slid.
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Investment bank Lehman Brothers Holdings Inc. , said on Tuesday second quarter profit rose, helped by a surge in investment banking revenue.
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Morgan Stanley and Bear Stearns Companies posted a drop in quarterly profits on Wednesday, surprising some investors one day after two
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Lehman Brothers Holdings Inc. LEH.N   on Wednesday said third-quarter earnings rose more than   analysts expected, as trading and investment management revenue   jumped.
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BARCLAYS said yesterday it was on course for a profits haul of about Â£4.5 billion this year. But the shares were the biggest faller on the Footsie as the market was disappointed with a flat performance from
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Morgan Stanley and Bear Stearns Companies posted a drop in quarterly profits on Wednesday, surprising some investors one day after two other big investment banks reported a rise in earnings.
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U.S. investment bank Lehman Brothers  Holdings Inc. LEH.N on Wednesday said fourth-quarter profit  rose 22 percent on continued strength from fixed-income  businesses and record investment banking revenue, signaling an  outstanding quarter for the rest of Wall Street.