InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
6,006.72
(
0.56%
)
US TECH 100
20,579.20
(
0.18%
)
Dow Jones
44,073.03
(
0.79%
)
Brent Oil
73.67
(
-2.37%
)
Bitcoin
76,950.95
(
1.38%
)
Post# of 25966
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

FinancialAdvisor

Send PM Follow Ignore
Followers 148
Posts 34814
Boards Moderated 3
Alias Born 06/16/2004

FinancialAdvisor

Re: FinancialAdvisor post# 23683

Thursday, 09/20/2007 8:05:36 PM

Thursday, September 20, 2007 8:05:36 PM

Post# of 25966
Bear Stearns Profits Drop Staggering 62 Percent

Bear Stearns Profits Drop Staggering 62 Percent
AP | Dan Seymour | September 20, 2007 11:29 AM

Bear Stearns Cos. said Thursday its profit plunged 62 percent in the third quarter as turbulence in the debt market and wrong-way bets on mortgages crunched the investment bank's credit portfolio and bond business.

The Wall Street brokerage reported third-quarter income, after paying preferred dividends, of $166.1 million, or $1.16 per share, compared with a profit of $432.2 million, or $3.02 per share, in the third quarter of 2006.


LINK: http://www.huffingtonpost.com/2007/09/20/bear-stearns-profits-drop_n_65181.html


HI-HO SILVER !!!

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up