Tag: banking season

JPMorgan reports 47% rise in earnings

JPMorgan reports 47% rise in earnings

The reporting season for US banks has got off to a flying start after JPMorgan announced income surged 47% in the fourth quarter. Fourth-quarter profit increased to $4.8 billion, or $1.12 a share, from $3.3 billion, or 74 cents a share, compared with the year ago period. Analysts expected $1 a share. Meanwhile, revenue grew [...]

January 16, 2011 | 0 Comments More
Banking recovery continues as Lloyds Banking Group returns to profit

Banking recovery continues as Lloyds Banking Group returns to profit

Lloyds Banking Group, which is 41% owned by the Government, has today reported it returned to profit in the first six months of 2010, revealing profits of £1.6 billion, against a loss of £4 billion a year earlier. The rise in profits was primarily due to reduced writedowns with bad loans falling from £13.4 billion [...]

August 4, 2010 | 0 Comments More