Sallie Mae Earnings Double on Strength of Loan Originations
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SLM Corp., the student loan company known as Sallie Mae, Wednesday said fourth-quarter profit more than doubled as loans originated through its owned or affiliated brands were up 18 percent for the full year.
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Business & money: Mortgage lending rose to record levels last month as borrowers reacted to further interest rate rises.
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Goldman Sachs Group Inc. , the world's most profitable investment bank, said on Tuesday quarterly earnings nearly doubled on strong growth in almost every business.
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Express shipping giant FedEx Corp. on Wednesday reported that first-quarter earnings more than doubled on sharply higher revenue and average daily package volumes to meet Wall Street expectations.
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Power company Constellation Energy Group Inc.  said on Wednesday fourth-quarter earnings more than doubled, helped by stronger-than-expected results from its merchant unit.
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The mortgage giant returns to quarterly reporting with its Q1 earnings.
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Gross mortgage lending rose in January despite unsettled market conditions, industry figures show.
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NEW YORK -- Citigroup Inc., the biggest U.S. bank, said Friday its second-quarter profit rose 18 percent after pulling in record revenues, driven largely by strength in overseas operations.
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Goldman Sachs Group Inc. GS.N and  Lehman Brothers Holdings Inc. LEH.N on Tuesday posted  higher-than-expected quarterly profits, fueled by surprising  strength in bond trading and investment banking growth.
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Bear Stearns Cos.  said on  Thursday its quarterly profit rose 81 percent, easily beating  estimates, as investment banking and capital markets revenues  jumped.
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Stocks gained on Tuesday on higher-than-expected earnings, pushing the Dow above 14,000 for the first time and easing concern about the deteriorating subprime mortgage market.
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General Electric Co.  on Friday reported higher third-quarter earnings as strength across many of its financial and industrial businesses outweighed hurricane-related insurance losses.
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Hosted CRM application services provider Salesforce.com Inc. reported quarterly earnings for the first time as a public company Thursday, reporting revenues nearly double what they were in the same period a year ago, as well as a modest profit.
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Merrill Lynch & Co. Inc.  said  on Tuesday second-quarter net earnings surged 31 percent on  strong investment banking activity as well as trading credit  and interest rate products.
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Goldman Sachs Group Inc. , the  largest investment bank by market value, said on Tuesday  quarterly earnings rose to a record, despite recent fears that  mortgage market woes and flagging stocks would hurt results.
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Caterpillar Inc. CAT.N said on  Thursday quarterly earnings more than doubled on continued  strong demand for its heavy equipment.
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Investment bank Lehman Brothers  Holdings Inc.  on Tuesday said its second-quarter profit  rose 27 percent as surging bond underwriting and stock trading  revenue more than made up for bond trading results hurt by U.S.  mortgage weakness.