Regional Banks

First Chicago NBD Corporation

The Company

First Chicago NBD Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: FCN)") else Response.Write("(NYSE: FCN)") end if %>, the seventh largest bank in the country, is the product of a merger between First Chicago and Detroit's NBD Bancorp. FCN acquired Detroit's NBD Bancorp. First Chicago is known for its vocal stance in addressing its exposure to bankrupcy in the credit card industry.

Latest Financials

First Chicago NBD Corp. reported record net income of $380 million, or $1.17 per fully diluted common share, for the first quarter of 1997. Net income for the year-ago quarter was $340 million, or $1.03 per share. Return on common stockholders' equity was 17.8%, compared with 16.6% a year ago.

© Copyright 1995-2000, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool. The Motley Fool is a registered trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us

..

...

...

...

...

...