Tag:
net income
Latest Headlines
Latest Headlines
JPMorgan’s revenues spark concern
JPMorgan Chase kicked off the earnings period by reporting net income of $3.7 billion for the fourth quarter of 2011, compared with $4.8 billion for the fourth quarter of 2010.
Earnings per share were $0.90, compared with $1.12 a year ago. That essentially matched expectations. But as expected
Citigroup joins the weak-revenue trend
So far, the scourge of the third-quarter bank results has been a troubling lack of top line growth--a vexing problem with no easy fix.
Citigroup became the latest bank to succumb to this malady. Revenues came in at $20.8 billion, slightly up from the prior year and previous quarter. Citigroup
KKR posts negative earnings surprise, Blackstone Group fares better
KKR disappointed the markets with weak second-quarter "economic net income" of $315.0 million versus $433.1 million a year ago. After-tax economic net income was $0.36, compared with the average analysts' prediction of 40 cent per share. The stock sold off in response. Economic net income is
Citigroup called out on earnings report
Did Citigroup ( NYSE: C ) try to pull a fast one on Wall Street? When the company reported first quarter earnings, it highlighted its net income of $3 billion in comparison to the fourth quarter's $1.3 billion gain. That allowed it to show a sizeable gain. But as the New York Times notes, th
Citigroup's 4Q earnings disappoint
Citigroup ( NYSE: C ) reported a profit of 4 cents a share for the fourth quarter of 2010, compared with a loss of 33 cents a year ago. But the results lagged analysts' consensus forecast of 7 or 8 cents a share. The stock sold off on the news and fell back below $5.
The quarterly results we
Whispers numbers carry clout
There have been a whole lot of earnings hits and misses as of late. Do the analysts' published estimates mean anything any more? Or have they been eclipsed by whisper numbers? Traders often talk up--or whisper up--their own forecasts to gain an edge. These whispers can loudly reverberate at a
Despite good news, lots of earnings jitters
The quarter that just ended was the first full quarter since the top banks took billions in taxpayer-funded TARP payments, Reuters reports. There has been lots of hope for a really good quarter. Citigroup CEO Vikram Pandit and Bank of America CEO Ken Lewis made it known that their banks had re
Bank of America following JPMorgan mold?
Bank of America's earnings will be in the news today. The early take is that it seems to be following the template of sorts set by JPMorgan earlier. (See the previous item.) For one thing,
JPMorgan earnings reflect dual trends
An interesting theme is emerging in top commercial bank earnings this quarter . All the banks
Bear Stearns continues the earnings surprises
Bear Stearns has followed in the steps of Goldman Sachs and Lehman Brothers by releasing surprisingly strong earnings. Its $3.02 a share trounced the $2.87 average estimate. Of course the estimate
