BNP Paribas Q4 profit down 42 percent
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BNP Paribas SA confirmed Wednesday that fourth-quarter net profit plunged 42 percent due to write-downs of securities affected by the financial markets crisis.
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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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GENEVA  Â The Swiss pharmaceutical maker Novartis said on Thursday that its profit dropped 45 percent in the fourth quarter, citing revamping costs and a weak performance in the United States.
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French bank BNP Paribas  beat forecasts with a 28.8 percent rise in fourth-quarter net profit on Thursday, but some analysts expressed concerns over the performance of its French retail banking division.
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Canadian Imperial Bank of Commerce, the country&#39;s fourth-largest bank, said fourth-quarter profit fell 14 percent after the lender took a provision for legal costs related to Enron Corp.
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Bear Stearns Cos Inc  said on  Thursday quarterly profit plunged 61 percent to its lowest  level in five years on bad bets on subprime mortgages and  disrupted fixed-income trading.
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The online retailerâs revenue was up 42 percent in its fourth quarter and its profits more than doubled, but its  profit margins were lower.
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Toll Brothers said its first-quarter profit fell 67 percent as a result of lower sales, write-downs and other costs.
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Credit Suisse says first-quarter profit will be $1bn less than forecast after a write-down.
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British oil giant BP said Tuesday that net profit dropped by 6.6 percent to 12.04 billion dollars (8.71 billion euros) in the first half, as output fell further.
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Wells Fargo & Co  on Wednesday said fourth-quarter profit fell, the first decline in more than six years, hurt by rising losses from home equity loans.
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BASEL, Switzerland  - Swiss drugmaker Novartis AG  missed forecasts with a 42 percent drop in fourth-quarter net profit, hit by generic competition and a one-off restructuring charge, sending its shares lower.
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Bear Stearns Cos., the fifth-biggest U.S. investment bank, said Thursday fiscal second-quarter profit sank as a downturn in the U.S. mortgage market slammed the company's business of issuing and dealing bonds backed by pools of home loans.
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Oil giant BP Plc  posted a lower-than-expected 12 percent drop in fourth-quarter profit on Tuesday as production fell and taxes rose but investors were disappointed by scaled back growth plans and rising costs.
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The French bank said that fourth-quarter net profit fell to 1 billion euros ($1.47 billion) due to write-downs of securities affected by the financial markets crisis.
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NEW YORK -- Lehman Brothers Holdings Inc., the No. 4 investment bank, on Tuesday said third-quarter profits fell less than expected, as strength in stock trading and investment banking offset losses from the struggling mortgage market.
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Fourth-quarter profit fell by 9 percent as energy prices declined, but the company still ended up with its third consecutive year of record earnings.