By Sue Chang Last update: 6:05 p.m. EDT April 14, 2008Print RSS Disable Live Quotes
SAN FRANCISCO (MarketWatch) -- Bear Stearns Cos.' (BSC:The Bear Stearns Companies Inc News, chart, profile, more Last: 10.11-0.11-1.08%
4:01pm 04/14/2008
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: BSC 10.11, -0.11, -1.1%) first-quarter net income slumped to $115 million, or 86 cents a share, from $554 million or $3.82 a share a year ago, according to a 10-Q report filed by the company late Monday. Revenue also declined to $3.43 billion from $4.8 billion in the year-earlier period while revenue after interest expense fell to $1.95 billion from $2.32 billion. Analysts surveyed by FactSet Research had forecast the investment bank to report earnings of 87 cents on revenue of $1.37 billion. J.P. Morgan Chase & Co. (JPM:JPMorgan Chase & Co News, chart, profile, more Last: 41.50-1.03-2.42%
4:08pm 04/14/2008
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: JPM 41.50, -1.03, -2.4%) recently took a major stake in Bear Stearns as a part of an emergency bailout to prop up the firm. |