Bank of America Profit Up 29 Percent
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Bank of America Corp. , the No. 3 U.S. bank, on Thursday said third-quarter profit rose 29 percent, helped by its purchase of FleetBoston Financial Corp. and growth in deposits and credit card issuance.
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Bank of America Corp. (BAC.N: Quote, Profile, Research) , the No. 3 US bank, on Thursday said third-quarter profit rose 29 percent, helped by its purchase of FleetBoston Financial Corp.
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Bank of America Corp. said yesterday it will bring 300 more jobs to Boston as part of its wealth management unit.
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Bank of America Corp. , the second-largest U.S. bank, said on Thursday quarterly profit rose 5 percent, as private equity and investment banking gains offset lower retail banking earnings and worsening loan quality.
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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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The No. 5 U.S. bank said third-quarter profit rose 14 percent, helped by increased lending to consumers and a decline in bad loans.
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M&T Bank Corp. MTB.N, which counts  billionaire Warren Buffett as its third-largest shareholder, on  Tuesday said quarterly profit rose a greater-than-expected 19  percent, helped by growing fees and a drop in bad loans.
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ABN Amro NV, the Netherlands' largest retail bank, said fourth-quarter net profit rose 33 percent due to asset sales, fewer bad loans and lower taxes.
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Bank of America Corp. , the second-largest U.S. bank, said on Thursday that second-quarter profit rose 5 percent as growth in capital markets activity and consumer fees offset an increase in credit losses.
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Capital One Financial, the McLean financial services company, said yesterday that its profit rose 35.8 percent in the second quarter as its troubled mortgage business stabilized.
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Media conglomerate Time Warner Inc.   said on Wednesday that fourth-quarter profit rose more  than 30 percent, boosted by asset sales, more digital cable and  phone customers, and a rise in AOL advertising sales.
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Global mining giant Anglo American on Wednesday said its 2007 net profit jumped 18 percent to 7.30 billion dollars (4.96 billion euros), boosted by high output and soaring metals prices.
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The Bank of America Corporation announced on Wednesday that it planned to raise $6 billion by selling preferred shares, one day after reporting a 95 percent decline in quarterly profit.
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Barclays, the third-biggest British bank, has said that net profit surged by 33 percent to a record 4.571 billion pounds (6.782 billion euros, 8.906 billion dollars) in 2006, lifted by its investment banking arm.
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Bank of America Corp. said yesterday it will bring 300 more jobs to Boston as part of its wealth management unit. The decision comes after the bank agreed
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American Express Co., the consumer finance and travel company, said Monday that its profit rose 14 percent in the third quarter to &#36;879 million, or 69 cents a share. That was in line with analysts' estimates.
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NEW YORK -- Goldman Sachs Group Inc., the largest Wall Street investment house, on Tuesday said its first-quarter profit rose 29 percent to a company record on robust trading gains and investment banking fees. Its shares rose 2 percent.