Wednesday, July 20, 2011
Tuesday, July 19, 2011
Bank Of America Swings To Loss
Bank of America swings to a 2Q loss of $8.83 billion, and a per-share loss of 90c, as mortgage-related charges weigh heavily on the bank's results, though were partially offset by lower credit costs.
Friday, July 15, 2011
Citigroup Net Jumps 24%
Citigroup Net Jumps 24%; Loan Loss Provisions Dip
Banking giant's 2Q profit surges to $3.34 billion, or $1.09 a share, topping estimates, as its loan-loss provisions fall sharply. Revenue slips nearly 7% on lower revenue from investment yields and hedging activities. Shares rise 3%.
Banking giant's 2Q profit surges to $3.34 billion, or $1.09 a share, topping estimates, as its loan-loss provisions fall sharply. Revenue slips nearly 7% on lower revenue from investment yields and hedging activities. Shares rise 3%.
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