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Article: First Chicago Corp. reports fourth quarter and full year net income.
- Article from:
- PR Newswire
- Article date:
- January 14, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Jan. 14 /PRNewswire/ -- First Chicago Corporation (NYSE: FNB) today reported record fourth quarter and full year net income.
Fourth quarter net income was $77.2 million, up 30 percent from $59.4 million a year ago. Net income per common share for the quarter was $1.32, compared with $1.04 in 1985.
For the full year 1986, net income was $276.2 million, up 63 percent from $169 million a year ago. Net income per common share for the year was $4.70, compared with $2.84 in 1985.
"We made excellent progress in 1986 toward the achievement of our financial and strategic goals," said First Chicago Chairman Barry F. Sullivan. "We ...