Subscribe to the Stock Markets Review newsletter and receive latest stock markets news, price targets and recommendations, information about latest IPOs.
| News & Aanalysis | Price Targets & Recommendations | Companies List | Message Board | Newsletter |
|
News
>> USA
Freddie Mac reported net loss of $2 billion in 3rd quarter 21 November 2007 Freddie Mac, the U.S. second-biggest mortgage finance company, reported a net loss of $2 billion in the third quarter ($3.29 loss per share). This loss was about three times analysts' expectations, and nearly triple its loss of $1.17 a share for the same quarter last year. Microsoft reports 23% profit growth for the quarter ended September 30, 2007 26 October 2007 Microsoft announced 23% profit growth and 27% revenue increase for the quarter ended September 30, 2007, beating expectations of Wall Street analysts. Tha company said the profit for the period ended 30 Sept. 2007 rose to $4,29 billion (45 cents a share) from $3,48 billion (35 cents a share) in the same period a year earlier. The revenue rose to $13,76 billion from $10,8 billion. Countrywide posts $1.2 billion loss, but stocks jump on improving outlook 26 October 2007 Countrywide Financial Corp., the largest U.S. mortgage lender, reported a $1.2 billion ($2,85 per share) third-quarter loss. But after the company said it's recovering from the ill effects of the credit crunch and expects to see profits in the fourth quarter and next year, Countrywide's shares raised 32.3%. Goldman Sachs profits jump 79% 21 September 2007 Goldman Sachs has reported quarterly profits up 79% as revenue from investment banking and trading increased despite turbulent summer markets. Goldman’s net income rose 79 percent in the third quarter to $2.85 billion from $1.59 billion last year, their statement said. Morgan Stanley profit falls 17% 20 September 2007 Morgan Stanley, the world’s second-biggest securities firm, said Wednesday that third-quarter profit sank nearly 17 percent, as the nation’s second-largest investment bank was forced to write down nearly $940 million worth of loans amid the summer’s global credit crisis. Lehman Brothers reported earnings that beat analysts’ estimates 19 September 2007 The nation’s fourth largest brokerage firm, Lehman Brothers Holdings Inc. has reported net income of $887m for Q3 - a decrease of 3% from $912m achieved in the same period in 2006. Net income for Q2 2007 was $1.3bn. Countrywide jumped 8% on Bank of America Stock Purchase 24 August 2007 Bank of America has made a solid investment in the largest USA mortgage lender Countrywide Financial. BofA paid $2 billion for preferred shares in Countrywide, which may be converted into common stock for $18 a share and would amount to a 16% stake in Countrywide. Another victim of mortgage crisis 17 August 2007 KKR Financial has sold around $5.1 billion of residential mortgage loans for a net loss of around $40 million. After the sale, the company owns around $5.8 billion of mortgage loans, primarily in the form of residential mortgage-backed securities. Apple reports 70% profit growth 29 July 2007 People may go crazy over the iPhone, but Apple gets the most of it’s earnings from Macintosh PC and iPod sales. Company surprised investors by announcing it had a profit of $818 million on revenue of $5.41 billion for its fiscal third-quarter ending June 30, compared to revenue of $4.37 billion and net profit of $472 million in the same quarter a year ago. |
|
