Akron FirstMerit reports Q2 net income up 13 percent
Akron FirstMerit Corporation announced a second quarter net income of 24.1 million, up 13.3 percent from Q2 1997, with diluted earnings per share of 0.38, up 13.0 percent. ROE was 17.04 percent and ROA 1.69 percent, versus 16.70 and 1.63 percent a year earlier. For the six months ended June 30, 1998, net income reached 46.1 million, up 11.0 percent, with diluted EPS of 9.78, up 12.2 percent from 1997. ROE and ROA for the period were 16.90 percent and 1.69 percent, compared with 16.37 percent and 1.61 percent in 1997.
MENTIONED IN THIS ARTICLE
AKRON
FirstMerit Corporation
ROE
Roa
Apple
Gateway 2000
Dell
Yahoo
Yahoo’s
America Online
Doubleclick
AMR
Don Fredell
American Express Financial Advisers
Fredell
BankBoston
Asia
Ameritech
First Call
Corp
Reynolds Metals Co
Economists warn Americans about Asian woes
Production slumped across U S factories in June as the GM strike and Asia shocks slow the economy. Economists say job cuts in manufacturing shrink demand for homes and spending, risking a broader downturn. Output at factories, mines and utilities fell 0.6 percent, with factory output down 0.6 percent after May.
MENTIONED IN THIS ARTICLE
Washington
General Motors
Asia
Federal Reserve
Lexus Tops J.D. Power Customer Satisfaction Study
Lexus remains the most satisfied car owner brand in a J.D. Power study, with Infiniti second and Saturn third as Mercury climbs to its best ranking. The survey of over 29,600 owners highlights service experience, first-time fixes, and ongoing repairs as key factors in loyalty.
MENTIONED IN THIS ARTICLE
Detroit
Lexus
J.D. Power and Associates
Infiniti
Saturn
Jaguar
Mercury
Nissan
Toyota
U.S
Ford
Lincoln
David Letson
J.D. Power
Letson
Joe Ivers
Ivers
Agoura Hills
Calif
Markets Hit New Highs As Dow Nasdaq And S&P Advance
Large cap and technology stocks led a broad rally on Thursday with the Dow rising 93.72 to 9328.19, the NASDAQ up 6.02 to 2000.56, and the S&P 500 adding 9.21 to 1184.02 while smaller caps lagged. High volume accompanied gains, with 676.4 million NYSE shares and 904.2 million NASDAQ shares traded. Equity leaders included Eastman Kodak, Apple, Gate Way, Yahoo, and AOL, while Doubleclick posted a loss after hours.
MENTIONED IN THIS ARTICLE
New York
Jay Suskind
Ryan, Beck and Co
New Jersey
Eastman Kodak
JP Morgan
Ciena Corp
Apple
Also Mentioned on This Page
FirstMerit
Toshiba
Sumitomo Credit Service Co. Ltd
Kazuo Nemoto
Japan
Mark Zandi
Regional Financial Associates
West Chester
Celgene Corp
Celgene
FDA
United States
Donate Blood
American Red Cross Blood Services
Genesis Health Plan
Lorain County
Community Health Partners
EMH Regional Medical Center
EMH
Amherst
Allen Memorial
Oberlin Clinic
Cleveland Clinic
Genesis
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