Q2 Profits from the Worlds Banks

[Bob Cratchitt]

Part of the reason why we are suffering from the credit crunch is due to these boys losing a lot of money on bad deals.

I thought it would be good to see how things are progressing as they have an affect on most of our lives and some of us actually work for them.

I must admit I am pleased to see my company is not in the losers this quarter for the first time in a year.


Q2 WINNERS

1. Bank of America - $3.41bn profit ($1.21bn profit)

2. BNP Paribas - $2.34bn profit ($3.06bn profit)

3. Goldman Sachs - $2.09bn profit ($1.51bn profit)

4. JPMorgan Chase - $2bn profit ($2.4bn profit )

5. Fortis - $1.3bn profit ($1.24bn profit)

6. Commerzbank - $1.27bn profit ($434m profit)

7. Credit Suisse - $1.17bn profit ($2.15bn loss)

8. Morgan Stanley - $1.03bn profit ($1.55bn profit)

9. Deutsche Bank - $1.01bn profit ($392m loss)

10. Societe Generale - $1bn profit ($1.71bn profit)

Q2 LOSERS

1. Merrill Lynch - $4.65bn loss ($1.97bn loss)

2. Lehman Brothers - $2.8bn loss ($489m profit)

3. Citi - $2.5bn loss ($5.11bn loss)

 

[Mad Cyril]

Are Bank of America recruiting?

 

[blues_r_best]

Are Bank of America recruiting?

They better be, they're one of my company's clients.

 

[Southminster_Shrimper]

Barclays made £2.75bn.....announced today

RBS is announced tomorrow.....:'(

 

[MrB]

In 4th place on the losers list were Man Utd sponsors AIG, being one of our main competitors in the International Casualty market we all shed a tear for them.... :)

 

[Bob Cratchitt]

BTW the bracket figures are the Q1 results.

Exactly Cyril.

 

[fatshrimp]

Think you'l lfind that most of these banks are losing overall comparing like for like earnings against the previous year.

My bank is in the "Q2 winners" list, yet our profits are down 42%, our credit rating is under scrutiny, our global CEO has been sacked and there are questions being asked by the regulator over some of our take over activity.

Happy days!