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Friday, July 30, 2010
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Regional News

Earnings dip at Oneida Financial

 

Second-quarter earnings were down at Oneida Financial Corp. due to a drop in value of trading securities and increased provisions for loan losses.

The banking company reported net income of $814,000, or 10 cents per share, compared to $1.1 million, or 14 cents per share, a year ago. Oneida announced its results Friday.

Survey says CFOs would consider consulting to keep working

 

More than one-quarter of the nation's chief financial officers (CFOs) in a new survey say they'd consider consulting work if it meant staying employed instead of retiring.

Robert Half Management Resources, a division of Menlo Park, Calif.-based Robert Half International, released the survey Thursday. Robert Half International specializes in the placement of skilled administrative professionals.

Key reports first quarterly profit in two years

 

Net income attributable to common shareholders at KeyCorp (NYSE: KEY) totaled $29 million in the second quarter, compared with a loss of $390 million a year earlier.
It's the first quarterly profit for the banking company since 2008.

Earnings per common share in the period totaled 3 cents, compared with a loss of 68 cents a share in the second quarter of 2009. Earnings per share from continuing operations in the period totaled 6 cents.

First Niagara Q2 operating income rises, meets estimates

 

Net income available to shareholders at First Niagara Financial Group, Inc. totaled $20 million in the second quarter, up from $11.4 million a year earlier.

Earnings per share in the period totaled 10 cents, up from 8 cents a year ago. Operating income, which excludes nonrecurring items, was $44.9 million, up from $25.5 million in the second quarter of 2009.

M&T's net income climbs in second quarter

 

M&T Bank Corp. (NYSE: MTB) earned $189 million in the second quarter, up from $51 million a year earlier.

Earnings per share totaled $1.46, up from 36 cents a share in the second quarter of 2009. Analysts were expecting earnings of $1.01 per share, according to Reuters.

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