BofA Swings to Profit on Strong Revenue
Bank of America Corp. (BAC) swung to a second-quarter profit as the banking giant recorded double-digital revenue growth and benefited from a tough year-ago period when it took a hit from soured mortgages.
Bank of New York Mellon Profit Drops 37%
Bank of New York Mellon Corp.'s (BK) second-quarter profit fell 37% as the trust bank saw a litigation-related charge weigh down its bottom line and revenue decreased.
Porsche Recalls 1,500 Vehicles Worldwide
Sports car maker Porsche Automobil Holding SE (PAH3.XE) is recalling about 1,500 vehicles worldwide due to a potential turbocharger defect, a company spokesman said Wednesday.
Dover 2Q Results: Postgame Scorecard
Dover's (NYSE:DOV) profit dropped in the second quarter. Earnings and Revenue The company posted an EPS above analyst expectations, though revenues fell short of predictions. The company reported EPS of $1.15 a share versus the $1.14 a share estimate and revenues of $2.16 billion versus the $2.19