It was a mixed first quarter for the banking industry – FDIC-insured banks earned a total of $35.3 billion from January to March, up...
A report from the FDIC shows that while earnings rose, loan balances fell.
Acorda benefited from a drug used to treat MS; Swiss Re from a lack of natural catastrophes.
The provider of fast Internet connections and operator of fiber-optic networks had a jump in wide-area networking sales.
Greater Hudson Bank exceeds net earnings for same quarter of 2011
Bank of America earned a third of what it did a year ago; asset quality improved at KeyCorp, and CapitalOne benefited from strong credit quality
As banks report first-quarter earnings, they are making money in nontraditional ways.
IBM’s profit and cash flow increased, but revenue was flat. Gannett suffered from weakness in advertising.