Lehman net falls less than expected
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Lehman Brothers Holdings Inc   said on Tuesday quarterly earnings fell 3.2 percent on  writedowns linked to mortgages and leveraged loans, but its  shares rose as the results beat expectations and the investment  bank said the worst of the credit correction was over.
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Lehman Brothers, one of a handful of Wall Street banks to avoid large losses related to subprime mortgages, nonetheless exceeded analystsâ diminished expectations.
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Lehman Brothers Holdings Inc   said on Thursday fourth-quarter earnings fell 11 percent, as  the credit market crisis triggered write-downs, and the company  said further write-downs were possible.
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U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped by a third  on sharply lower bond trading revenue and higher expenses,  falling well short of Wall Street's low expectations and  pushing the company's shares down as much as 8 percent.
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The Dow was up slightly but broader indicators dropped as investors awaited results from the Fedâs credit auction and digested Morgan Stanleyâs earnings report.
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U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped by a third  on lower bond trading revenue, weak equities results and higher  expenses, falling short of Wall Street's low expectations and  pushing its shares down as much as 8 percent.
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U.S. Treasury debt prices shaved  narrow losses on Tuesday following news of a weaker than  expected reading on the U.S. economy's huge services sector.
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Bond prices fell Friday, as stocks were modestly lower in the wake of an uninspiring government job report. The price of the benchmark 10-year Treasury note fell 19/32 point, or $5.
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Goldman Sachs Group Inc. on Tuesday   said third-quarter profit fell less than expected as strong   investment banking results helped offset a summer slump in   trading, sending its shares to a three-month high.
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Lehman Brothers Holdings Inc. (LEH.N: Quote, Profile, Research) on Wednesday said quarterly profit rose 22 percent on resilient fixed-income revenue, record
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NEW YORK JPMorgan Chase, the second-largest US bank, has surprised Wall Street with a sharp drop in third-quarter earnings. The bank, which reported the result on Wednesday, attributed the weaker performance to poor results in fixed-income trading.
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Lehman Brothers reported standout second-quarter earnings.
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Lehman Brothers, the first of the big US investment banks to report results, says its profits have fallen.
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Lehman Brothers Holdings Inc. &lt;LEH.N&gt; posted a 3.2 percent decline in quarterly earnings on Tuesday as the U.S. investment bank wrote down mortgage and leveraged loan assets, but the results beat expectations and its shares jumped before the market opened.
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Lehman Brothers Holdings Inc  said on Thursday that quarterly earnings fell 11 percent, hurt by writedowns in bond trading, but results beat analysts' average expectations.
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Lehman Brothers, the first of the big US investment banks to report results, unveils a dip in quarterly profits.
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The ZEW institute said its expectations indicator, based on a survey of around 300 analysts and institutional investors, dropped more than expected to 45.3, the lowest since 41.9 in July 2003, from 48.4 in ...