Summary: NEW YORK - JPMorgan Chase's fourth-quarter profit fell 23 per cent, in line with Wall Street expectations
, as the European debt crisis depressed trading and corporate deal-making, dragging down shares of the major US banks.
helped fuel second-quarter profits that rose 22 percent and beat Wall Street expectations
In the introduction to his new book, Bogle writes that recent "aberrations" like the quantum leap in CEO pay and earnings managed to meet inflated Wall Street expectations
can be laid to "the gatekeepers we trusted to protect investors--legislators, regulators, rating services, attorneys, public accountants and, most importantly, corporate directors .
Results were in line with company guidance of 22 cents to 26 cents per share, and beat Wall Street expectations
for profit of 23 cents, though sales were shy of analysts' $1.
s first- quarter profit 45 percent, exceeding Wall Street expectations
, the company said Tuesday.
Still, the results announced Thursday exceeded Wall Street expectations
and HP shares gained 6 percent.
reported a smaller profit in the second quarter from a year ago, but the world's largest video-game maker still surpassed Wall Street expectations
on strong sales of its sports titles.