Net Income for the 2011 Fourth Quarter Reached a Record $40.0 Million, or $0.85 Diluted Earnings Per Share, An Increase of $9.6 Million, or 31.8 Percent, from $30.3 Million, or $0.72 Diluted Earnings Per Share Reported in the 2010 Fourth Quarter.
Investors should bet the 10-year note future drops to 126 and exit the trade if the price increases to 132, Francesco Garzarelli, co-head of fixed-income strategy in London, wrote in an e-mailed message today. T
State Street is one of the country’s largest trust banks, acting as a custodian for investment firms’ securities and handling other back-office duties. The Boston bank has benefited from strong deposit growth, but like other lenders has had le
Charles Schwab Corp.'s fourth-quarter profit climbed 37% from a year ago period dented by legal settlements, as the discount brokerage's trading revenue was bolstered by its summer acquisition of optionsXpress.
Citi's rivals JPMorgan Chase and Bank of America have Europe problems, too, but they also have U.S. branch networks about five times the size of Citi's. And bank business in the U.S., like the economy, is improving.
Members of the company’s operating committee, led by Chief Executive Officer James Gorman, 53, won’t get any immediate cash, said the person, who declined to be identified because the plan hasn’t been made public. Mark Lake, a spokesman
RBS, the U.K.’s largest state-owned lender, last week said it will sell or close its unprofitable cash equities, mergers advisory and equity capital markets units.
Corporate class funds are tax-efficient investment solutions, ideal for non-registered plans. RBC Corporate Class Funds include a selection of fixed income and equity funds that provide investors with tax-free switching and rebalancing, reduced taxable di
Florida's second-largest bank is holding talks with potential buyers, said the people, who declined to be identified because the discussions are private. The lender, with a market value of about $2.25 billion as of yesterday, is working with Goldman
The divesture includes the 26 branches that First Niagara had agreed to sell in the Buffalo, New York area in order to gain approval from the U.S. Justice Department for its purchase of 195 branches in HSBC's U.S. network.
This strategic move to acquire a global leader of customs and trade compliance solutions greatly expands Livingston's international trade expertise and service offerings within the United States and Canada, and extends this crucial and growing part o