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> Bear's Expanding Booty
post Jun 17 2004, 10:18 AM [ Post #1 ]

Christopher Paige

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Again, according to Crains' http://www.crainsny.com

[Bear Stearns] The investment bank reported a 21.5% jump in earnings, to $347.8 million, or $2.49 a share, for the quarter ended May 31. On average, analysts expected the company to earn $2.23 a share. Revenue rose 17.8%, to $1.7 billion, beating Wall Street's forecast of $1.6 billion. Fixed-income revenue boosted profits, climbing 10.4% to a record $844 million. The firm said its mortgage business operated at record-high levels, but that corporate bond trading saw lower levels of activity.

Christopher Paige
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