Thursday, July 26, 2007

National City profit falls 27 pct, mortgages weigh

(Reuters) - NEW YORK, July 26 - National City Corp , a large U.S. Midwest regional bank, said on Thursday second-quarter profit fell 27 percent, hurt by rising credit losses in mortgages and home equity loans, and pressure on commercial lending.



Net income for Cleveland-based National City fell to $347 million, or 60 cents per share, from $473 million, or 77 cents, a year earlier.


Read more at Reuters.com Bonds News

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