M&T Bank Q4 profit falls
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M&T Bank Corp , the first large  U.S. bank to report fourth-quarter results, said on Monday that  profit fell, hurt by turmoil in residential real estate  markets.
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Mobile phone maker Sony Ericsson said fourth-quarter profit fell almost 17 percent as higher costs more than offset the effect of a rise in shipments.
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Banking company KeyCorp said Friday its profits fell 9 percent in fourth-quarter, reflecting a &#36;46 million charge to account for the sale of a home equity loan portfolio and plans to sell a car loan portfolio.
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The countryâs largest newspaper publisher said Friday that its fourth-quarter profit dropped because of a decline in broadcasting revenue and weak newspaper ad sales.
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M&T Bank Corp  and Sovereign Bancorp Inc , two of the largest banks in the eastern United States, said on Monday turmoil in credit, mortgage and real estate markets hurt fourth-quarter results.
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U.S. Bancorp , the sixth-largest U.S. bank, said on Tuesday 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 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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Bank of America reports a 95% fall in  fourth-quarter profits as a result of write downs and rising credit losses.
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JPMorgan Chase &#38; Co., the nation's second biggest financial institution, said Wednesday that its profits were down 11 percent in the fourth quarter on what executives termed "mixed performance" by its seven operating units.
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Texas Instruments Inc  reported lower quarterly profit and revenue on Monday as weak demand for calculators outweighed improving sales of advanced phones that use its wireless chips.
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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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Wachovia Corp , the fourth-largest U.S. bank, on Tuesday said quarterly profit fell a larger-than-expected 98 percent, hurt by write-downs relating to turmoil in mortgage and credit markets.
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US investment bank Morgan Stanley (MWD.N: Quote, Profile, Research) on Wednesday said quarterly profit dropped by a third on sharply lower bond trading revenue
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Cell phone maker Motorola Inc. on Wednesday said net profits fell 84 percent in the fourth quarter and warned that the recovery in its struggling handset unit will take longer than expected.
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Texas Instruments Inc., the leading maker of chips for cell phones, cut its profit and revenue forecast for the fourth quarter on Monday due to slower sales of semiconductors, and it warned that sales could weaken further early next year.
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Morgan Stanley  on Wednesday said its third-quarter earnings fell, reflecting damage caused by the broad sell-off in mortgage and corporate loan markets this summer, though revenue rose on strong investment banking and stock trading.
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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