Lehman Brothers sees income dip
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Net income at US bank Lehman Bros fell a smaller-than-expected 12% in the fourth quarter to $886m.
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Lehman Brothers Holdings Inc.  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 rose.
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Investment bank Lehman Brothers Holdings Inc  on Thursday said it would stop wholesale mortgage lending amid a continued slump in credit and housing markets, a move that will impact 1,300 jobs and result in a $40 million charge.
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NEW YORK Sept. 21, 2004 - Financial services firm Lehman Brothers Holdings Inc.&#39;s third-quarter profit rose 5.2 percent, beating analysts&#39; expectations, but its earnings per share fell by 10 cents from a
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In a move that will shed 1,300 jobs, Lehman Brothers said it would stop wholesale mortgage lending amid a continued slump in credit and housing.
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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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Wall Street was set to open slightly lower on Wednesday as investors eye the damage to corporate earnings from stubbornly high oil prices with scorecards from key companies rolling in.
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General Motors Corp. GM.N said on  Thursday that it expects earnings this year to fall, due in  part to weaker profits from its financial services arm.
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Stocks rose on Tuesday after forecast-topping earnings from Lehman Brothers Holdings Inc  calmed investors' fears about the recent credit turmoil as investors anticipated an interest rate cut.
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Lehman Brothers sees a tough future for the home lender.
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Lehman Brothers Holdings Inc. posted fourth-quarter profit Wednesday that trounced Wall Street forecasts due to an unexpected revival of its investment banking business, a signal that could bode well for some of its rivals.
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Net income at US bank Lehman Brothers fell a smaller-than-expected 12% in the fourth quarter to $886m (Â£435m).
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Shares of Wall Street's investment banks slipped at the opening bell Monday ahead of the brokerages' third-quarter earnings reports, as a J.P. Morgan Securities analyst said investors might be more comfortable if they reported lower profits.
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Lehman Brothers Holdings Inc.  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.   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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Stock futures eased on Thursday, suggesting Wall Street shares may pare some of the previous day's gains as investors await word on the outlook for monetary policy from Federal Reserve Chairman Ben Bernanke.
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Financial companies led Wall Street lower on Thursday after a sharp drop in Bank of America Corp's  earnings stoked worries about the extent the credit crunch has hurt the economy and profits.