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: av中文资源在线 | 不卡国产视频 | 五月天激情国产综合婷婷婷 | 在线免费黄色 | 性高潮视频在线观看 | 五月激情在线 | 精品精品精品 | 欧美视频导航 | 另类视频在线 | 日韩一二三区 | 免费看黄色一级片 | 国内精品一区二区 | 成人欧美片 | 久久久伦理 | 国产精品网站在线观看 | 国产毛片av | 天天干天天摸天天操 | 日本黄色大片网站 | 小萝莉末成年一区二区 | 婷婷激情丁香 | 一级特黄毛片 | 国产精品美女一区二区三区 | 欧美午夜精品久久久久久人妖 | 亚洲一区二区中文字幕 | 亚洲三级视频 | 精品国产乱码久久久久久1区2区 | 懂色av蜜臀av粉嫩av | 欧美色图亚洲天堂 | 国产一区二区三区在线观看视频 | 成人在线观看黄色 | 激情宗合 | 激情网站 | 国产精品久久免费 | 二区三区视频 | 国产欧美一级 | 韩国久久精品 | jizz日本在线播放 | 牛牛影视av | 日韩av女优在线观看 | 久久6精品 | 激情五月网站 |