It was earnings day for the sixth largest bank in the U.S. – and it wasn’t pretty. Revenue is down though profits were up compared to the first quarter of this year.
July 19, 2012
Earnings: $564 Million or 29 Cents Per Share
Reported earnings from the investment bank, compared with a loss of $558 million or 38 cents per share, in the year-ago quarter. Equity trading revenue fell 34 percent to $1.22 billion.
Source: Reuters
