Two Big Investment Banks Report Drops in Quarterly Profit
185574
Morgan Stanley and Bear Stearns posted drops in quarterly profit yesterday, surprising some investors one day after two other big investment banks reported a rise in earnings.
423893
The investment firm posts a strong profit report, but shares slid.
92758
TORONTO (CP) - Negative economic indicators helped send stock markets lower Tuesday while two more big Canadian banks reported quarterly profits.
205640
J.P. Morgan Chase & Co. , the No. 2 U.S. bank, said  on Wednesday profit fell in the third quarter, missing analyst expectations, as a result of costs from its July merger with Bank One Corp. and lower fixed-income revenues.
328510
Wall Street stocks were lower on Thursday, after a 32 per cent fall in profits at Bank of America (NYSE:BAC) compounded woes in the banking sector and weighed heavily on market sentiment.
592077
Shares of Wall Street's investment banks slipped at the opening bell Monday ahead of the brokerages' third-quarter earnings reports, as a J.P. Morgan Securities analyst said investors might be more comfortable if they reported lower profits.
394067
Profits were buoyed by investment banking fees, but the bank said it had set aside more money for possible losses in itâs loan business, though said this wasnât due to subprime lending difficulties.
555391
U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped by a third  on lower bond trading revenue, weak equities results and higher  expenses, falling short of Wall Street's low expectations and  pushing its shares down as much as 8 percent.
645544
Two Wall Street investment banks had  markedly different success weathering summer market turbulence  as results at Goldman Sachs Group Inc  easily exceeded  expectations while those at Bear Stearns Cos  fell far  short.
722400
Mizuho Financial Group Inc., the world&#39;s second-largest bank by assets, said first-half profit fell 8 percent after it failed to earn sufficient fee income to make up for reduced gains from stock investments.
743803
U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped 34 percent  amid reduced trading revenue, falling well short of Wall  Street's already-lowered expectations after a summer of  sluggish market activity.
75236
Fidelity Investments, the world's  biggest mutual fund company, posted on Friday an 11.3 percent  drop in net income, its first profit decline in four years, as  it spent more to compete with rivals.
686900
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.
368916
Giant life insurers MetLife Inc and Prudential Financial Inc  said on Wednesday that profits fell in the fourth quarter, hurt by investment losses and, in the former's case, comparison with a large investment gain a year ago.
438609
Mizuho and Sumitomo Mitsui, two of Japan&#39;s four biggest banking groups, reported Monday that their group net profits for the first fiscal half fell from the previous year, despite some progress in getting rid of bad debts.
487143
Fidelity Investments, the world's biggest mutual fund company, posted on Friday an 11.3 percent drop in net income, its first profit decline in four years, as it spent more to compete with rivals.
601290
Fourth-quarter profit at the Bank of New York Mellon declined 68 percent because of its exposure to assets backed by mortgages and a strong quarter a year ago, when the bank gained $1.4 billion after unloading its retail operations.