JPMorgan Profit Falls 34 Percent
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JPMorgan said that its exposure to subprime mortgages devalued its portfolio by $1.3 billion.
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Bank of America Corp , the second-largest U.S. bank, on Thursday said third-quarter profit fell 32 percent, a steeper decline than expected, hurt by mounting credit losses and the impact of volatile markets on its investment banking unit.
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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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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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Morgan Stanley and Bear Stearns  Companies posted a drop in quarterly profits on Wednesday,  surprising some investors one day after two other big  investment banks reported a rise in earnings.
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Bank of America Corp , the No. 2 U.S. bank, posted a much larger-than-expected 32 percent drop in quarterly profit on Thursday, hurt by mounting credit losses and dismal investment banking results.
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Morgan Stanley, the second-biggest US securities firm, said Wednesday its fiscal third-quarter profit tumbled 34 percent, falling short of estimates, as bond trading plunged.
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Financial services company State Street Corp.  on Tuesday said quarterly profit fell more than Wall Street had expected as foreign exchange and securities lending revenue declined, and its shares fell 8.5 percent.
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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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U.S. Steel Corp  posted a 35 percent decline in third-quarter profit on Tuesday, worse than Wall Street had expected, and forecast weak fourth-quarter earnings, sending the steelmaker's shares down 6 percent.
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The satellite TV operator said higher interest payments on its debt sent fourth-quarter earnings down 2 percent, to $348 million.
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JPMorgan Chase & Co. JPM.N, the No.  2 U.S. bank, said on Wednesday its fourth-quarter earnings fell  11 percent, hurt by charges related to its merger with Bank One  last year.
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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.
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JPMorgan Chase & Co  said on Wednesday quarterly profit fell a worse-than-expected 24 percent as the No. 3 U.S. bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity and auto loans.
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Morgan Stanley , the  second-largest investment bank by market value, said on Tuesday  it would spin off its Discover credit-card division as  quarterly profit fell 11 percent.
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CHARLOTTE, N.C. -- Bank of America Corp., the nation's second-largest bank, said Thursday its profit fell 32 percent in the third quarter as capital markets losses offset solid revenue growth in most businesses.
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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.