quarter profit

Disney looks to parks to ride out economic downturn

It says the unit's resilience in tough times helped boost the company's second-quarter profit 22%. Oil prices are soaring. Home foreclosures are rampant. And many think a recession is at hand. So, where are people heading?

DreamWorks Animation profit soars 69% on DVD sales

Sales of 'Bee Movie,' 'Shrek the Third' and earlier releases help the studio beat Wall Street expectations. DreamWorks Animation SKG Inc. said Tuesday that its first-quarter profit surged 69% on solid DVD sales for "Bee Movie," "Shrek the Third" and its earlier films.

JPMorgan, Wells Fargo profits decline, but beat forecasts

NEW YORK -- JPMorgan Chase & Co., which recently scooped up the toppling investment bank Bear Stearns Cos., said Wednesday that problems with mortgages and other loans cut its own first-quarter profit in half.

Wells Fargo earnings fall 11 percent amid rising loan losses

SAN FRANCISCO -- Wells Fargo & Co.'s first-quarter profit fell 11 percent as the nation's fifth-largest bank wrestled with rising loan losses and braced for more trouble ahead.

U.S. Bancorp net tops view

NEW YORK (Reuters) - U.S. Bancorp (USB.N), the sixth-largest U.S. bank, said on Tuesday first-quarter profit fell 4 percent, but results topped forecasts as increases in credit card and mortgage banking revenue helped offset weaker credit quality tied to the housing crisis.

Banking Drags Allianz 4Q Profits

BERLIN -- Insurer Allianz SE said Thursday fourth-quarter profit slipped by nearly 52 percent from a year ago, dragged down by its banking business and lower contributions from its insurance operations.

AutoNation's profit hurt by U.S. housing slump (Market Watch)

AutoNation Inc., the largest U.S. automotive retailer, sees its fourth-quarter profit slide 31% from a year ago, stung by the home-mortgage meltdown in California and Florida.

American Express profit down 10 percent

NEW YORK (Reuters) - American Express Co (AXP.N) on Monday said fourth-quarter profit dropped 10 percent, and its revenue missed analyst forecasts as customers defaulted more often, fanning worries the credit card and travel services company might struggle as the U.S. economy weakens.

Bank of NY Mellon 4Q Profit Falls

NEW YORK -- The Bank of New York Mellon Corp.'s fourth-quarter profit tumbled 68 percent due to its exposure to assets backed by mortgages and a tough comparison to last year, when the bank gained $1.4 billion after unloading its retail operations.

Wells Fargo profit slides on home equity loss

NEW YORK (Reuters) - Wells Fargo & Co (WFC.N), the No. 2 U.S. mortgage lender, said on Wednesday fourth-quarter profit fell 38 percent, the first decline in more than six years, as more people missed payments on mortgages and home equity loans.

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