Los Angeles-based California Federal Bank reported earnings...
- Share via
Los Angeles-based California Federal Bank reported earnings of $13 million, or 13 cents a share, for its fourth quarter, contrasted with a loss of $53.7 million, or $2.22 per share, for the previous fourth quarter.
California Federal said it lost $423.1 million in calendar 1994, contrasted with a $145.5-million loss in 1993.
“Notwithstanding the effect of industrywide spread compression on net interest income, the bank’s fourth quarter marks the beginning point in our return to a more normalized operating environment,” said Edward G. Harshfield, California Federal president and CEO.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
