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Article: Bank One Announces First Quarter Net Income of $0.60 Per Share.
- Article from:
- PR Newswire
- Article date:
- April 18, 2000
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CHICAGO, April 18 /PRNewswire/
- BANK ONE CORPORATION (NYSE: ONE) today announced 2000 first quarter net income of $689 million, or $0.60 per diluted share. Net income was $1.151 billion in 1999's first quarter, or $0.96 per share, and $411 million in the fourth quarter, or $0.36 per share.
The key factors in the first quarter's $462 million decline in net income compared to the year-ago quarter were:
-- A $233 million decline in Credit Card's net income contribution from
$303 million to $70 million. The pretax return on average outstandings