BusinessJuly 20, 1998
BUSINESS MEMO: NATIONSBANK EARNINGS
NationsBank Corp. reported a 23 percent increase in earnings during the second quarter to $1.13 billion, or $1.18 per common share, compared to $919 million or 97 cents a share during the same period a year ago. Operating earnings represent a return on average assets of 1.45 percent and return on equity of 18.3 percent, exceeding the 1.30 percent and 15.7 percent respectively during the same period a year ago...
NationsBank Corp. reported a 23 percent increase in earnings during the second quarter to $1.13 billion, or $1.18 per common share, compared to $919 million or 97 cents a share during the same period a year ago.
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Operating earnings represent a return on average assets of 1.45 percent and return on equity of 18.3 percent, exceeding the 1.30 percent and 15.7 percent respectively during the same period a year ago.
NationsBank Corp., headquartered in Charlotte, N.C., is a bank holding company with banking operations in 16 states and the District of Columbia. NationsBank has assets of $308 billion.
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