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Tag Archives: income

Citi’s Q1 profit falls 32 percent on lower loans

NEW YORK — Citigroup’s first-quarter income fell 32 percent on lower revenue from investment banking and a decline in consumer loans. The bank was able to set aside fewer reserves for losses as more borrowers were able to keep up ...

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Bank of America misses estimates as income falls 39 percent

NEW YORK — Bank of America Corp.’s first-quarter income fell 39 percent on higher costs related to its mortgage business and higher litigation expenses. The bank also settled a claim over faulty mortgage investments and set aside less money to ...

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Daily Record parent reports increased 3Q earnings, raises guidance

The Dolan Company boosted its revenue guidance for the year and reported $9 million in profit for the third quarter, largely due to strong performance from its subsidiaries that provide legal services. Minneapolis-based Dolan, parent company of The Daily Record, ...

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