日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Bank of America, Wachovia post big profits drop in 4Q

(Xinhua)
Updated: 2008-01-23 13:43

WASHINGTON - Bank of America and Wachovia, two largest banks in the United States on Tuesday reported sharp drops in profits for the fourth quarter of 2007.


A Wachovia branch in McLean, Virginia, in a file photo. As more banks report write-downs tied to the global credit crunch, analysts say Wachovia may have losses lurking in an area that has garnered less investor attention. [Agencies] 

The Charlotte, North Carolina-based Bank of America, the nation's second-largest bank, said its net income plunged by 95 percent to 268 million dollars, or 5 cents per share, in the final three months of last year, from 5.26 billion dollars, or 1.16 dollars per share, a year ago.

Its revenue fell to 12.67 billion dollars in the quarter, down 31 percent from the year-earlier level of 18.49 billion dollars, according to a press release.

Analysts had been expecting the earnings of 18 cents per share on revenue of 13.24 billion dollars for the bank. The fourth-quarter results reflected a 5.28 billion  dollar write-down related to collateralized debt obligations, a mortgage-backed debt.

"Our fourth results were severely impacted by ongoing dislocations in capital markets and the slowing economy," said Kenneth D. Lewis, chairman and chief executive officer.

"Even given that environment, we certainly are not pleased with our performance," Lewis said. "However, we are cautiously optimistic about 2008, though we believe economic growth will be anemic at best in the first half."

For all of last year, Bank of America posted net income of 14.98 billion dollars, or 3.30 dollars per share, compared with 21.13 billion dollars, or 4.59 dollars per share, in 2006.

Wachovia, also based in Charlotte, North Carolina, said its fourth-quarter profit plummeted 98 percent to 51 million dollars, or 3 cents per share, from 2.3 billion dollars, or 1.20 dollars per share, in the same period of 2006.

The nation's fourth-largest bank took a write-down of 1.7 billion dollars in the quarter due to weakening credit markets, according to a press release.

For the full year of 2007, Wachovia earned 6.31 billion dollars, or 3.31 dollars per share, down 19 percent from the earnings of 7.79 billion dollars, or 4.72 per share, in 2006.



Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 国产在线观看免费视频今夜 | 国产精选在线 | 一区二区三区有限公司 | 噜噜噜久久,亚洲精品国产品 | 日韩精品一区不卡 | 国产精品男女 | 亚洲图片日韩 | 欧美黄色录像视频 | 97久久国产精品 | 国产精品11 | 欧美精品在线一区二区 | 欧美一区二区视频在线 | 天堂在线视频免费 | 亚洲成人观看 | 黄色网页在线播放 | 久久中文娱乐网 | 韩国精品一区 | 日韩在线综合 | 欧美极品在线视频 | 中文字幕在线看 | 日韩高清网站 | 国产一区二区三区影院 | 男女做事网站 | 免费在线看黄视频 | 久久天天躁狠狠躁夜夜av | 国产一区不卡在线 | 夜夜夜爽 | 免费在线黄色网 | 在线观看亚洲网站 | 四虎在线网站 | 99热这里只有精品1 99热免费精品 | 国产精品免费精品一区 | 欧美一级片在线观看 | 日韩操操操 | av片久久 | 不卡的日韩av | 性欧美疯狂猛交69hd | 中文字幕日韩三级 | 日韩视频在线播放 | 国产精品美女www爽爽爽视频 | www男人的天堂 |