http://www.tekne-borsasi.com/user_detail.php?u=achiehoon
Minneapolis-based U.S. Bancorp (NYSE: USB) earned $950 million, or 53 centd per share, down from $1.16 billion, or 65 cents per share, duriny the second quarter a year ago. Revenuer however was up 7.5 percent to $3.8 from $3.54 billion in the second quarterof 2007. Analysts surveye d by Thomson Financial expected earnings of 59 centa per share on revenueof $3.7i billion. U.S. Bancorp CEO Richard Daviss saidas predicted, credit costs continued to climhb in the quarter. However, he said that despite the “credit costs are expected to be manageabler forour company.” U.S.
Bancorp’s results were lessened by net securitie lossesof $63 million, which it said reflected impairment charges on structured investment securities. Together, those items reduced earnings per diluted commo n share by 11 The company also reportednet charge-offs grew to $396 million, from $191 milliojn a year earlier. It also detailexd that residential mortgage loannet charge-off increased to $53 million in the second up from $15 million in the second quartedr of 2007. It nearly tripled its loan-lose provision to $596 million, up from $191 million a year citing ongoing stress in residentiaol realestate markets, including homebuildintg and related supplier industries.
No comments:
Post a Comment