Arizona Mortgage Second
Chase triples second-quarter profits
JPMorgan Chase & Co., which operates more than 200 branches in Arizona, reported Wednesday that second-quarter profits more than tripled compared to 2005.
Weaker mortgage servicing performance was offset by gains in the investment banking sector, the New York-based bank announced.
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Host Hotels & Resorts, Inc. Reports Continued Strong Growth In Operating Results for Second Quarter 2006
BETHESDA, Md. -- Host Hotels & Resorts, Inc. (NYSE: HST - News), the nation's largest lodging real estate investment trust (REIT), today announced its results of operations for the second quarter ended June 16, 2006. The Company conducts its operations through Host Hotels & Resorts, L.P., of which it is the sole general partner and holds 96% of the partnership interests. Second quarter results for Host Hotels & Resorts, Inc. include the following:
Total revenue increased $254 million, or 26.5%, to $1.2 billion for the second quarter and $312 million, or 17.8%, to $2.1 billion for year-to-date 2006, which includes $154 million of revenues for the Starwood portfolio for both periods. Net income increased $239 million to $330 million for the second quarter and $405 million to $502 million for year-to-date 2006.