January 23, 2001 |
American Express Co.'s fourth-quarter profit rose 12%, as its cardholders borrowed more money. But the stock fell 7.5% Monday, its biggest one-day decline since April after the company said it expected profit growth to slow this year. Net income rose to $677 million, or 50 cents a share, from $606 million, or a split-adjusted 44 cents, in the fourth quarter of 1999. The shares fell $3.63 to close at $45 on the New York Stock Exchange.
May 7, 1996
This chart measures trailing 12-month total revenues. The figures have been updated from the value reported by the company in the most recent preliminary earnings report. This is the most basic representation of a company's affairs, revealing actual dollar volume in products or services that the company sells. Banks and insurance companies do not report revenue when they announce preliminary financial results. In such cases, we have substituted the most recent sales figures available.
October 8, 2002 |
Shares of UnionBanCal Corp. surged Monday after the San Francisco-based company said it expected third-quarter profit to come in above Wall Street's estimates. The forecast from the parent company of Union Bank of California came as welcome news in the banking sector, which was hit last week by warnings from a string of national and regional banks. Some institutions, struggling amid the weak U.S.
May 6, 1997
Companies ranked by market value, which is stock price times the number of shares outstanding. Also shown: book value, which is a company's theoretical liquidation value, and the market-to-book ratio for each company. *--* 4/18/97 Book Market- '95 market value Value to-book Rank Rank Company (millions) (millions) ratio 1 1 Intel Corp. $112,100 $16,872 6.64% 2 3 Walt Disney Co. 51,817 16,086 3.22 3 2 Hewlett-Packard Co. 50,682 13,438 3.77 4 4 Chevron Corp. 42,223 15,623 2.7 5 BankAmerica Corp.
August 14, 2008 |
UnionBanCal Corp. said Mitsubishi UFJ Financial Group Inc.'s $3-billion bid to buy the lender "substantially undervalues UnionBanCal." The $63-a-share offer "is not in the best interest of UnionBanCal's minority stockholders," the San Francisco-based bank said.
May 18, 2004 |
CNA Financial Corp. said it has agreed to sell its CNA Trust business to Union Bank of California. Financial terms weren't disclosed for the transaction, which is expected to be completed on or before the end of the third quarter. Union Bank of California is a subsidiary of San Francisco-based holding company UnionBanCal Corp. CNA Trust, based in Costa Mesa, helps other financial institutions offer 401(k) plan services.
September 26, 2009 |
UnionBanCal Corp. said it would receive a $2-billion capital infusion from its parent company, Bank of Tokyo-Mitsubishi UFJ Ltd., by Monday. The money will help San Francisco-based UnionBanCal offset potential future credit losses if economic conditions result in a worst-case scenario, said Chief Executive Masaaki Tanaka.
April 24, 2008 |
UnionBanCal Corp., the parent of Union Bank of California, said earnings fell about 27% in the first quarter as it set aside more funds for potential losses from a slump in the residential housing market. UnionBanCal said earnings were $108.6 million, or 79 cents a share, down from $149.6 million, or $1.07 a share, a year earlier. UnionBanCal's total provision for credit losses in the quarter was $80 million, an increase of $20 million compared with the fourth quarter, driven by the need to add to reserves for its home builder segment.