Co-operators General Insurance Co. Friday reported lower second-quarter income, as the P&C insurer booked sharply lower investment gains.For the second quarter ended June 30, Co-operators consolidated net income was $13.9 million, compared to $39 million for the same quarter in 2008. Earnings per common share were 54¢ for the second quarter compared to $1.80 for […]
Insurance and reinsurance operations rebound
Asset manager reduces staff
Operating expenses jump 24%
Upswing in equity markets boosts AUM to a new high
Consumer finance business incurs $17 million loss
Bucking the trend among big financial firms lately, Morgan Stanley reported a loss for its second quarter.The firm recorded a loss from continuing operations of US$159 million for the second quarter ended June 30, compared with income of US$689 million in the period a year ago. The results include a number of significant items, including: […]
Quarterly profit at TD Ameritrade Holding Corp., fell 17% as lower interest rates eroded revenue, the U.S. discount brokerage firm said Tuesday.
Following on the heels of Goldman Sachs’ blowout second quarter results, J.P. Morgan Chase & Co. Thursday reported a standout performance of its own, although the impact of the uglier credit cycle is more evident in its results.The U.S. banking giant reported second quarter net income of US$2.7 billion, up 36% from the same period […]
The Goldman Sachs Group, Inc. Tuesday reported strong results for its second quarter, characterized by a large jump in net revenues and earnings.The firm generated net revenues of US$13.76 billion and net earnings of US$3.44 billion for its second quarter ended June 26. Annualized return on average common shareholders’ equity was 23.0% for the quarter, […]