Legg Mason Inc. said late Monday that it swung to a fiscal fourth-quarter profit of $63.6 million, or 39 cents a share, from a loss of $330.2 million, or $2.33 a share, in the year-ago period. Total operating revenue rose to $671.4 million from $617.2 million a year ago. Analysts surveyed by FactSet Research [...]
Exxon Mobil on Thursday said its first-quarter profit climbed 38% on rising prices, while production rose 4.5% on contributions from mega-projects such as its Qatar liquid natural gas complex.
The Irving, Texas oil giant said it benefitted from higher crude oil prices and stronger chemical margins, while its downstream business remained
Exxon Mobil’s earnings for [...]
Ford Motor Company reported that it swung to a 1st quarter profit of $2.1 billion, 50 cents per share, from a loss of $1.4 billion, or 60 cents per share, a year earlier.
According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 31 cents per share.
“The Ford [...]
Bank of America said it returned to profit in the first quarter of this year, reporting better than expected net income of 3.2 billion dollars.
The bank, which is often considered a bellwether for the American economy, said Friday morning that it clawed back to profitability in the first quarter after two consecutive periods of losses.
General Electric reported quarterly earnings and revenue Friday that fell from year-earlier results, but the company said it expects an improving economy will help its profit rise throughout the rest of the year.
G.E., a broad gauge of the industrial economy, reported net income of $1.87 billion in the quarter and earnings of 21 cents a [...]
“The firm’s net income of $3.3 billion reflected another strong quarter for the investment bank, particularly in fixed income markets,” Jamie Dimon, JPMorgan’s chief executive, said in a statement. “Unfortunately, these good results were partially offset by high losses in the consumer credit portfolios.”
After almost two and a half years of sobering news, the head [...]