BofA meets Wall Street&#39;s projections with third-quarter results
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CHARLOTTE, NC Bank of America&#39;s third-quarter profit meets Wall Street&#39;s expectations with a continued boost in business from the FleetBoston Financial merger.
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U.S. stock investors, who were bracing  for a typically rocky third quarter, have been pleasantly  surprised by the big rebound in the major indexes from a  battering in the previous period.
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Midwestern lender Fifth Third Bancorp (FITB:Nasdaq - news - research) warned late Thursday that fourth-quarter earnings will fall far short of analyst expectations because the bank&#39;s securities portfolio got whacked by rising interest rates.
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Wall Street stocks rallied on Thursday after Federal Reserve chairman Ben Bernanke raised expectations of further interest rate cuts and on reports Bank of America (NYSE:BAC) is close to buying Countrywide Financial (NYSE:CFC).
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By Bloomberg News. Stocks rose for a third day as results from Lehman Brothers bolstered optimism that profits at Wall Street brokerage firms would top estimates.
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Lehman Brothers Holdings Inc. LEH.N   on Wednesday said third-quarter earnings rose more than   analysts expected, as trading and investment management revenue   jumped.
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Wall Street closed its third consecutive winning week with another rally yesterday, advancing as a new retail sales report and a consumer confidence reading showed that Americans are growing more confident about the economy.
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Wall Street extended its rebound to a third session Friday, ending with a moderate advance after personal consumption data bolstered the outlook for the economy and interest rates. The major indexes finished the week with solid gains.
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Comings and goings in the financial industry.
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The forecast came as the U.S. revised upward its estimate for third-quarter gross domestic product growth to a robust 3.9 percent from 3.7 percent.
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Sales up, but not enough for Wall St 3Com fell short of Wall Streetâs expectations when it unveiled its third quarter results yesterday.â¦
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US Bancorp produces steady results once again.
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Strong results in its financial services sector and improved cost controls are allowing Ford Motor Co. to raise its third-quarter earnings expectation by 10 cents per share, it said Friday.
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U.S. stock investors, who were bracing for a typically rocky third quarter, have been pleasantly surprised by the big rebound in the major indexes from a battering in the previous period.
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Wells Fargo & Co. WFC.N, the No. 4  U.S. bank, on Tuesday said third-quarter profit rose, helped by  loan growth.
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Lukewarm third-quarter earnings reports to date imply that corporate America has some thorny problems. For the stock market to get back on track, this week's releases will have to offer Wall Street some more upbeat news.
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Yahoo said that it would still meet its financial goals for the third quarter, but that its profit and revenue would be toward the bottom end of its forecast range.