Biz Bits

...ManagementDetails: He works for Savannah River National Laboratory. ROB WYNNAward/honor: Received the Chartered Financial Analyst designation from the CFA InstituteDetails: He works for Asset Advisors Corp.

JPMorgan 2Q profit rises 4 percent, beats estimates

...also declined in the quarter.The overall earnings results beat analysts' expectations. The average estimate of financial analysts surveyed by FactSet was $1.43 per share. That estimate typically excludes one-time items.Net revenue at...

Bank of America profits jump as legal costs drop

...said an increase in deposits, lower expenses and an improving balance sheet helped offset a decline in revenue.Financial analysts surveyed by FactSet expected the bank to earn 36 cents per share, a figure which typically excludes one-time...

Wells Fargo profit edges lower in 2nd quarter

...The bank's net interest margin, a measure of how much profit it makes on money it loans out, shrank to 2.97 percent in the second quarter from 3.15 percent a year earlier. The measure is closely watched by financial analysts.

'Phony numbers' increase in earnings reports

...normal costs of running a business.What's worse, financial analysts are often playing along, passing along the rosy...GAAP, to the adjusted profit figures calculated by financial analysts and collected by S&P Capital IQ. AP looked at companies...

Augusta Metro Chamber announces 2015 Top 10 in 10 Young Professionals to Watch

...initiatives, Augusta Metro Chamber? LaShawnda Dennis, associate professor, Paine College? Thomas Sherrouse, financial analyst, MAU Workforce SolutionsEach recipient is featured in the June/July issue of Augusta Magazine and will receive...

Cheaper oil not aiding US economy

...reluctant to spend (savings from cheaper gas), because they view that as fleeting," says Greg McBride, chief financial analyst at Bankrate.com.Consumer spending rose at an annual rate of just 1.9 percent in the first quarter, compared...

First-time buyers face hurdles to homeownership this spring

...see more money in their paychecks before they'll take the plunge into homeownership," said Greg McBride, chief financial analyst at Bankrate.If early signs are any indication, there won't a noticeable jump in new homeowners during the spring...

Volatile start to year in markets could help bank profits

...need volatility and volume to really profit. They got both," said Nancy Bush, an independent banking industry financial analyst with NAB Research.Two of the places where volatility has been most noticeable last quarter have been in the currency...

Bank of America returns to profits as legal costs subside

...What we saw in (currencies) was very encouraging. We are looking to do more in rates and currencies," Thompson said.Bank of America's results missed expectations. Financial analysts surveyed by FactSet expected 29 cents per share.