losses

Bank Of America Reports $1.2 Billion Quarterly Loss

NPR Programs: Morning Edition  Fri, 01/21/2011 - 1:12pm

The nation's biggest bank is still digging itself out from under the mortgage crisis. Bank of America reported a fourth-quarter loss of $1.2 billion.

Total losses for last year amounted to more than $2 billion.

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JPMorgan Chase: $4.8 Billion 4th-Quarter Profit

NPR Programs: Morning Edition  Fri, 01/14/2011 - 9:37am

JPMorgan Chase says profits for the recent quarter were almost 50 percent higher than last year. The bank reported fourth-quarter profits at $4.8 billion Friday, saying its losses from bad loans declined, which boosted earnings.

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Banking Giant JPMorgan Chase Reports $3.6B Gain

NPR Programs: Morning Edition  Wed, 10/14/2009 - 7:23am

JPMorgan Chase on Wednesday reported sharply higher income in the recent quarter. The country's second largest bank says it made $3.6 billion, up from about a half-billion dollars at this time last year.

The gains came mostly from trading and investment banking activity, which outweighed continuing losses in the bank's credit card and other consumer lending businesses.