Bank of America 4th-quarter profit falls
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Bank of America Corp, the  second-largest U.S. bank, on Tuesday said fourth-quarter profit  fell, hurt by mounting credit losses and weak investment  banking results.
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U.S. Bancorp , the sixth-largest U.S. bank, on Tuesday said fourth-quarter profit fell 21 percent, hurt by losses from loans and money market mutual funds, and a legal settlement.
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Bank of America Corp. , the  second-largest U.S. bank, said on Thursday quarterly profit  rose 5 percent, topping analyst estimates, as gains from  private equity and investment banking offset lower retail  banking earnings and worsening loan quality.
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U.S. Bancorp said its second-quarter profit declined 3.7 percent after a strong gain a year ago.
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Wells Fargo & Co  on Wednesday said its fourth-quarter profit fell 38 percent, the first decline in more than six years, hurt by rising losses from home equity loans.
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The newspaper publisher and television station operator said fourth-quarter profit dropped 70 percent, hurt by a write-down and less political advertising revenue.
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Bank of America Corp , the second-largest U.S. bank, said on Tuesday fourth-quarter profit sank 95 percent, hurt by more than $7 billion of losses tied to poor trading decisions and mounting credit woes.
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Earnings at U.S. banks fell slightly in the first three months of the year amid a continuing housing slump and tightening credit standards, a banking regulator said on Thursday.
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Bank of America Corp  on Wednesday said it planned to eliminate 3,000 jobs, and shook up its corporate and investment bank after a dismal quarter at that unit led to a 32 percent drop in overall profit.
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Merrill Lynch & Co. , the biggest U.S. brokerage, said on Tuesday its fourth-quarter profit fell 1.8 percent as increased banking and brokerage revenue was offset by higher compensation and other costs.
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Canadian Imperial Bank of Commerce, the country&#39;s fourth-largest bank, said fourth-quarter profit fell 14 percent as the lender took a provision for legal costs related to Enron Corp.
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Canadian Imperial Bank of Commerce, the country&#39;s fourth-largest bank, said fourth-quarter profit fell 14 percent after the lender took a provision for legal costs related to Enron Corp.
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The investment bank said 3rd-quarter profit fell to $1.54 billion, hurt by a global credit crisis that cut into stock trading, corporate lending, and results from investments.
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The bank said fourth-quarter net income fell to $11.1 million, hurt by a tripling of credit losses and a bailout of money market mutual funds.
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The soft drink maker said its fourth-quarter profit fell 31 percent from results a year ago that included a tax benefit from a settlement with the Internal Revenue Service.
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U.S. Bancorp , the  sixth-largest U.S. bank, on Tuesday said fourth-quarter profit  fell 21 percent, hurt by losses from loans and money market  mutual funds, and a legal settlement.
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Stocks fell on Thursday, after a sharp drop in Bank of America Corp's  earnings stoked worries about the impact of the credit crunch on profits and the economy.