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Tag Archives: net income

Wells Fargo net rises on deposits, lending growth

NEW YORK — A steadier mortgage business, higher commercial lending and an increase in deposits lifted Wells Fargo & Co.’s fourth-quarter profit by 20 percent. The San Francisco-based bank reported Tuesday that the amount of mortgages it wrote in the ...

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Best Buy 3rd-quarter profit falls, shares skid

NEW YORK — Electronics retailer Best Buy said Tuesday that its third-quarter net income fell 29 percent as it cut prices in popular categories such as tablets and TVs to drive sales and traffic during the busy holiday season. Its ...

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Legg Mason’s second quarter profit down 25 percent

Asset manager Legg Mason Inc. on Thursday said its fiscal second-quarter profit plunged 25 percent as its customers pulled money out of the markets, which experienced the worst quarter since the economic crisis, and its investments lost value. The results, ...

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M&T’s third-quarter profit falls on integration expense

BUFFALO, N.Y. — M&T Bank Corp. said Wednesday that its third-quarter profit fell in part due to the costs of integrating the recently acquired Wilmington Trust Corp. into its operations. Even without the integration costs, its results missed Wall Street ...

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Best Buy 2nd quarter net income drops

MINNEAPOLIS — Best Buy Co. said Tuesday its fiscal second-quarter net income fell 30 percent as consumers hit the pause button on buying electronics, particularly TVs and smart phones, while fears about the global economy persist. Results missed expectations and ...

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