Weak market conditions bite into earnings
Even with conservative methods of estimating corporate earning power, the numbers just don’t add up
Bank posts US$1.8 billion loss in Q4
Banking giant to separate into two separate businesses
Integration of Washington Mutual progressing well, CEO says
New York Stock Exchange brokerage firms reported a loss of almost US$7billion for the third quarter.NYSE member firms that conduct business with the public (which excludes market makers) reported a third-quarter 2008 after-tax loss of US$6.95 billion on revenues of US$44.13 billion, compared with US$2.49 billion in after-tax losses on revenues of US$78.79 billion in […]
Quarterly profit survey
Morgan Stanley lost US$2.3 billion in its fourth quarter, ended Nov. 30, ending a string of three profitable quarters, the company reported Wednesday.For the quarter, the net loss was US$2.295 billion, compared with the net loss of US$3.6 billion in the fourth quarter of 2007.The loss from continuing operations for the fourth quarter was US$2.195 […]
Sharp decline in values across virtually every asset class
Operating profits down 18% from a year ago