https://wiki.cliquesoft.org/api.php?action=feedcontributions&feedformat=atom&user=IsobelWeller355 2026-04-11T22:50:50Z User contributions MediaWiki 1.24.4 https://wiki.cliquesoft.org/index.php?title=User:IsobelWeller355&diff=2265 2012-02-10T12:16:25Z

<p>IsobelWeller355: Created page with &quot;Bank of America has reported a $2bn (�1.2bn) profit for the three months to the end of 2011, compared with a $1.2bn loss in the same period in 2010. It signals continued recov...&quot;</p> <hr /> <div>Bank of America has reported a $2bn (�1.2bn) profit for the three months to the end of 2011, compared with a $1.2bn loss in the same period in 2010.<br /> <br /> It signals continued recovery for the US&#039; second biggest lender.<br /> <br /> For the full year, the company reported net profits of $1.4bn compared with a net loss of $2.2bn in 2010.<br /> <br /> Meanwhile Morgan Stanley, the world&#039;s largest broker, reported a fourth-quarter loss of $250m compared with a profit of $836m a year earlier.<br /> <br /> Despite the loss, the results at Morgan Stanley beat analysts&#039; expectations since it was able to increase its share of the equity trading market in the period.<br /> <br /> For the full year, Morgan Stanley said its net revenues were $32.4bn compared with $31.4bn in 2010.<br /> <br /> Recent results from American banks have been mixed with Goldman Sachs announcing on Wednesday that it made 47% less in profits than in 2010 whilst Citigroup posted a 6% rise on the previous year.<br /> <br /> Bank of America chief executive Brian Moynihan said: &quot;We enter 2012 stronger and more efficient after two years of simplifying and streamlining our company.&quot;<br /> <br /> &quot;Reflecting a gradually improving economy,&quot; continued Mr Moynihan, &quot;we saw solid business activity by companies of all sizes, with commercial and industrial loan balances rising.&quot;<br /> <br /> Bank of America was one of the worst performers on Dow Jones Industrial Average index of leading companies in 2011, losing 58% of its share value over the year.<br /> <br /> The lender has been hit by lingering concerns about bad mortgage loans on its books in the wake of the 2008 sub-prime crisis when it was bailed out by the US government.<br /> <br /> The bank has been building up its reserves, known as Tier 1 capital, to protect itself against the risk of further bad loans.<br /> <br /> &quot;Our fourth-quarter results reflect the aggressive steps we have been taking to strengthen the balance sheet and position the company for long-term growth,&quot; said chief financial officer Bruce Thompson in a statement.<br /> <br /> &quot;During the quarter, we significantly increased capital and liquidity. For 2012, our focus is to continue to build capital and liquidity and manage expenses.&quot;</div>

IsobelWeller355 https://wiki.cliquesoft.org/index.php?title=IsobelWeller355&diff=2264 2012-02-10T12:16:21Z

<p>IsobelWeller355: Created page with &quot;Bank of America has reported a $2bn (�1.2bn) profit for the three months to the end of 2011, compared with a $1.2bn loss in the same period in 2010. It signals continued recov...&quot;</p> <hr /> <div>Bank of America has reported a $2bn (�1.2bn) profit for the three months to the end of 2011, compared with a $1.2bn loss in the same period in 2010.<br /> <br /> It signals continued recovery for the US&#039; second biggest lender.<br /> <br /> For the full year, the company reported net profits of $1.4bn compared with a net loss of $2.2bn in 2010.<br /> <br /> Meanwhile Morgan Stanley, the world&#039;s largest broker, reported a fourth-quarter loss of $250m compared with a profit of $836m a year earlier.<br /> <br /> Despite the loss, the results at Morgan Stanley beat analysts&#039; expectations since it was able to increase its share of the equity trading market in the period.<br /> <br /> For the full year, Morgan Stanley said its net revenues were $32.4bn compared with $31.4bn in 2010.<br /> <br /> Recent results from American banks have been mixed with Goldman Sachs announcing on Wednesday that it made 47% less in profits than in 2010 whilst Citigroup posted a 6% rise on the previous year.<br /> <br /> Bank of America chief executive Brian Moynihan said: &quot;We enter 2012 stronger and more efficient after two years of simplifying and streamlining our company.&quot;<br /> <br /> &quot;Reflecting a gradually improving economy,&quot; continued Mr Moynihan, &quot;we saw solid business activity by companies of all sizes, with commercial and industrial loan balances rising.&quot;<br /> <br /> Bank of America was one of the worst performers on Dow Jones Industrial Average index of leading companies in 2011, losing 58% of its share value over the year.<br /> <br /> The lender has been hit by lingering concerns about bad mortgage loans on its books in the wake of the 2008 sub-prime crisis when it was bailed out by the US government.<br /> <br /> The bank has been building up its reserves, known as Tier 1 capital, to protect itself against the risk of further bad loans.<br /> <br /> &quot;Our fourth-quarter results reflect the aggressive steps we have been taking to strengthen the balance sheet and position the company for long-term growth,&quot; said chief financial officer Bruce Thompson in a statement.<br /> <br /> &quot;During the quarter, we significantly increased capital and liquidity. For 2012, our focus is to continue to build capital and liquidity and manage expenses.&quot;</div>

IsobelWeller355