Lehman Brothers Holdings Inc. today reported net income of US$1 billion for the second quarter ended May 31, up 47% from the second quarter of fiscal 2005. However, the second quarter results represented a decrease of 8% from record net income reported in the first quarter of fiscal 2006. For the first half of fiscal […]
Net income also rose by 49% for the first six months of fiscal 2006
Leading assets also continued to show steady growth
Q2 is the bank’s 72nd consecutive profitable quarter
Tax recovery helps lift earnings
Volume of mortgage fundings slips in Q2
Results follow up a strong year for the Quebec-based company
Bank boosts quarterly dividend
Wealth management, record trading boost results
Robust revenue growth personal and commercial and wealth-management segments