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Market Update : 
Bear Stearns Profit up 37%
Author: Elena Todorova
123jump.com
Last Update: 9:31 AM EST March 16 2006



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Stock futures recovered from earlier weakness and turned positive on a report on consumer prices which showed inflation at tame levels. In addition Wall Street brokerage Bear Stearns reported record-high Q1 profit of $3.54 per share, compared to $372.3 million, or $2.64 per share in 2005, beating expectations. Revenue rose 18.9% to $2.19 billion compared to $1.84 billion a year ago.

 

 

 

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