Thursday, November 11, 1999
TRISTATE MARKET SPOTLIGHT
Weak earnings hurt Bank One
Bank One Corp. lost $4.371/2, or 11.2 percent, Wednesday to $34.621/2.
The stock fell on talk that the bank postponed a Monday meeting with analysts and investors.
After the market closed, the bank issued an earnings warning. Bank One, with 33 Tristate branches, said its fourth-quarter earnings will be 78 to 88 cents a share, instead of the 92-cent estimate. The warning, as well as a previous one in August, relate to a sluggish credit card division.
In after-hours trading, Bank One fell at least another $2.121/2 to $32.50.
Reps. call for Internet tax ban
LensCrafters chief steps down
Minority- owned firms make contacts
Changing market led to Gibson acquisition
P&G loses ruling in noncompete case
Bankers striking back: No ATM fee, no service
TRISTATE BUSINESS SUMMARY
INDUSTRY NOTES: REAL ESTATE
TRISTATE MARKET SPOTLIGHT
