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http://wiki.imga.org.il/api.php?action=feedcontributions&user=NoellJohson106&feedformat=atom Climbing_Encyclopedia - תרומות המשתמש [he] 2022-08-14T20:47:31Z תרומות המשתמש MediaWiki 1.30.0 http://wiki.imga.org.il/index.php?title=NoellJohson106&diff=11154 NoellJohson106 2012-02-11T02:09:33Z <p>NoellJohson106: דף חדש: Bank of America has reported a $2bn (�1.2bn) profit for the three months to the end of 2011, compared with a $1.2bn loss in the same period in 2010. It signals continued recovery for...</p> <hr /> <div>Bank of America has reported a $2bn (�1.2bn) profit for the three months to the end of 2011, compared with a $1.2bn loss in the same period in 2010.<br /> <br /> It signals continued recovery for the US' second biggest lender.<br /> <br /> For the full year, the company reported net profits of $1.4bn compared with a net loss of $2.2bn in 2010.<br /> <br /> Meanwhile Morgan Stanley, the world's largest broker, reported a fourth-quarter loss of $250m compared with a profit of $836m a year earlier.<br /> <br /> Despite the loss, the results at Morgan Stanley beat analysts' expectations since it was able to increase its share of the equity trading market in the period.<br /> <br /> For the full year, Morgan Stanley said its net revenues were $32.4bn compared with $31.4bn in 2010.<br /> <br /> Recent results from American banks have been mixed with Goldman Sachs announcing on Wednesday that it made 47% less in profits than in 2010 whilst Citigroup posted a 6% rise on the previous year.<br /> <br /> Bank of America chief executive Brian Moynihan said: &quot;We enter 2012 stronger and more efficient after two years of simplifying and streamlining our company.&quot;<br /> <br /> &quot;Reflecting a gradually improving economy,&quot; continued Mr Moynihan, &quot;we saw solid business activity by companies of all sizes, with commercial and industrial loan balances rising.&quot;<br /> <br /> Bank of America was one of the worst performers on Dow Jones Industrial Average index of leading companies in 2011, losing 58% of its share value over the year.<br /> <br /> The lender has been hit by lingering concerns about bad mortgage loans on its books in the wake of the 2008 sub-prime crisis when it was bailed out by the US government.<br /> <br /> The bank has been building up its reserves, known as Tier 1 capital, to protect itself against the risk of further bad loans.<br /> <br /> &quot;Our fourth-quarter results reflect the aggressive steps we have been taking to strengthen the balance sheet and position the company for long-term growth,&quot; said chief financial officer Bruce Thompson in a statement.<br /> <br /> &quot;During the quarter, we significantly increased capital and liquidity. For 2012, our focus is to continue to build capital and liquidity and manage expenses.&quot;</div> NoellJohson106