Bank of America Profit Up 29 Percent
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Bank of America Corp. (BAC.N: Quote, Profile, Research) , the No. 3 US bank, on Thursday said third-quarter profit rose 29 percent, helped by its purchase of FleetBoston Financial Corp.
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The Bank of America Corporation announced on Wednesday that it planned to raise $6 billion by selling preferred shares, one day after reporting a 95 percent decline in quarterly profit.
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NEW YORK - Bank of America Corp. has raised ATM fees to $3 for noncustomers to boost profit from its network of 17,000 cash machines, the largest in the United States.
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Goldman Sachs today posted a 30 percent jump in profit for its latest quarter, helped by strong growth across its segments.
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Wells Fargo & Co.  and U.S.  Bancorp  recorded higher second-quarter profits, leading  a batch of bank earnings on Tuesday, as higher fees offset  pressure on lending margins from rising interest rates.
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Kroger Co. KR.N, the top U.S.  grocer, on Tuesday said quarterly profit rose 29 percent as it  kept a tight rein on expenses and sales rebounded.
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The No. 5 U.S. bank said third-quarter profit rose 14 percent, helped by increased lending to consumers and a decline in bad loans.
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Media conglomerate Time Warner Inc.  said on Wednesday that fourth-quarter profit rose more than 30  percent, boosted by asset sales, more digital cable and phone  customers, and a rise in AOL advertising sales.
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M&amp;T Bank Corp. said Tuesday that its profit jumped 19 percent for the quarter ended Sept. 30, helped by a slight rise in interest income and loans during the period.
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M&T Bank Corp. MTB.N, which counts  billionaire Warren Buffett as its third-largest shareholder, on  Tuesday said quarterly profit rose a greater-than-expected 19  percent, helped by growing fees and a drop in bad loans.
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Citigroup Inc. C.N and Bank of  America Corp. BAC.N on Thursday posted double-digit gains in  third-quarter profit, driven by gains in consumer lending and  fees.
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Bank of America Corp. , the second-largest U.S. bank, on Thursday said quarterly profit rose 5 percent as gains from equity investments helped offset soaring credit losses and lower earnings in its main business of retail banking.
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Goldman Sachs Group Inc. , the  largest investment bank by market value, said on Tuesday that  its quarterly profit rose 93 percent on investment gains,  banking fees and strong trading results.
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M&amp;T Bank, the US bank in which AIB has a 22% stake, said today that its third quarter profits rose by a greater than expected 19%, helped by growing fees and a drop in bad loans.
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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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Bank of America Corp. said yesterday it will bring 300 more jobs to Boston as part of its wealth management unit. The decision comes after the bank agreed
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Bank of Montreal kicked off earnings season for Canada&#39;s big banks on Tuesday with a 30-per-cent jump in profits driven by strong gains at both its retail and investment banking operations.