ADP private payroll count for January fell 22,000

Last Updated on Wednesday, 03 February 2010 13:56 Written by Administrator Wednesday, 03 February 2010 13:55

ADP private payroll count for January fell 22,000, a result that will likely edge expectations lower for Friday's employment report where expectations are centered at no change for non-farm employment.

American Express Company reported fourth-quarter income

Written by Administrator Wednesday, 27 January 2010 19:06

American Express Company reported fourth-quarter income from continuing operations of $710 million, up 132 % from $306 million a year ago. Diluted earnings per share from continuing operations were $0.59(CS: $0.51, FC: $0.57), up 127% from $0.26 a year ago.

• ^{_{Net income totalled $716 million for the quarter, up 198% from $240 million a year ago. Diluted per-share net income of $0.60 was up 186% from $0.21 a year ago.}}
• ^{_{The company's return on average equity (ROE) was 14.6 percent, down from 22.3 percent a year ago.}}
• ^{_{Total managed NCOs to 7.3% (down 130 bps q-o-q) and managed delinquencies down 40 bps to 3.6%.}}
• ^{_{Credit Suisse FY2010 EPS estimate is now $2.65 (old: $2.40) & FY 2011 estimate is $3.25.}}

Citigroup

Last Updated on Wednesday, 27 January 2010 19:35 Written by Administrator Tuesday, 12 August 2008 00:17

Citigroup Inc posted a fourth-quarter loss of $7.6 billion, or 33 cents a share, compared to a loss of $17.24 billion, or $3.40 a share a year ago.

IBM

Last Updated on Wednesday, 27 January 2010 19:34 Written by Administrator Tuesday, 12 August 2008 00:25

IBM announced fourth-quarter 2009 diluted earnings of $3.59 per share compared with diluted earnings of $3.27 per share in the fourth quarter of 2008, an increase of 10 percent.