| Financials |
Market News
CB Richard Ellis Group (CBG)
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced the expansion of its existing U.K.-based investment banking platform into the Americas. CB Richard Ellis’ investment banking professionals in the Americas will assist real estate as well as lodging and gaming companies with recapitalization and restructuring strategies, merger and acquisition opportunities, and capital-raising needs.
Oct 21 · 10:14:00 AM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Northern Trust (NTRS)
Northern Trust Corp. (NTRS) returned to making a profit, posting third quarter earnings of $187.9 million, or 77 cents a share, compared with a year-earlier loss of $148.3 million, or 66 cents. Excluding items including the prior-year costs from the company's supporting its cash-investment funds, earnings rose to 72 cents from 58 cents. Consolidated revenue fell 1% to $927.6 million.
"The financial markets continue to send mixed signals. Although equity markets improved compared with the second quarter, they remain well below year-ago levels and interest rates have fallen dramatically year over year." said Frederick H. Waddell, president and CEO of Northern Trust, which provides investment management and other services to affluent people and institutions.
Chicago bank holding company still fell short of analysts' estimates.
Oct 21 · 10:01:00 AM · Source: Various
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Morgan Stanley (MS)
Morgan Stanley announced on Wednesday that it had returned to profitability in the third quarter after three successive quarterly losses. The bank said it earned $498 million or 38 cents a share, compared with $7.7 billion, or $7.38 a share, in the quarter a year ago when results were helped by a one-time gain.
Earnings from continuing operations were $757 million in the third quarter, after a loss of $159 million in the second quarter. The results beat expectations. Analysts had expected earnings 29 cents a share on revenues of about $6.99 billion
Oct 21 · 9:56:00 AM · Source: New York Times
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Morgan Stanley (MS)
Morgan Stanley announced on Wednesday that it had returned to profitability in the third quarter after three successive quarterly losses. The bank said it earned $498 million or 38 cents a share, compared with $7.7 billion, or $7.38 a share, in the quarter a year ago when results were helped by a one-time gain.
Earnings from continuing operations were $757 million in the third quarter, after a loss of $159 million in the second quarter. The results beat expectations. Analysts had expected earnings 29 cents a share on revenues of about $6.99 billion
Oct 21 · 9:55:00 AM · Source: New York Times
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Citigroup (C)
Citibank recently cancelled hundreds of co-branded MasterCard accounts, primarily cards associated with gas-stations, without notifying their customers.
In a statement the bank said that they had “decided to close a limited number of oil partner co-branded MasterCard accounts.” The statement said that these account closings include credit cards affiliated with Shell, Citgo, ExxonMobil and Phillips 66-Conoco. They did not state why the cards were cancelled, but only issued a statement that the bank “continuously evaluates its products.”
Oct 20 · 2:44:00 PM · Source: American Banking News
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
BlackRock (BLK)
BlackRock reported Q3 earnings of $2.10 per share on profits of $317 million versus $1.67 per share on profits of $217 million in the year ago period.
Analysts had forecast $1.93 per share. The estimate and earnings are adjusted for costs including integration charges for the purchase of Barclays Global Investors and compensation obligations for large shareholders PNC Financial Services Group and Bank of America's Merrill Lynch unit.
Oct 20 · 12:03:00 PM · Source: CNBC
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Bank of New York Mellon (BK)
Bank of NY Mellon reported a Q3 net loss of $2.05 per share on net losses of $2.5 billion versus earnings of $0.26 per share on a net profit of $303 million for the year ago period.
The current quarter’s losses include a one-time pre-tax charge of $4.8 billion to restructure its investment portfolio. Excluding the one-time charge the company earned $0.54 per share and beat analyst forecasts of $0.48 per share.
Oct 20 · 11:11:00 AM · Source: CNBC
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto
Labranche & Co., Inc. (LAB)
LaBranche & Co. said third quarter revenues fell to $29,255,000 from $77,310,000 in the comparable prior period. The quarterly loss applicable to common shares was 8,900,000 vs. a loss of $5,587,000.
Oct 20 · 10:36:00 AM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Previous · Next
Advertisement