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Net interest income for the second quarter of 2008 increased slightly to $4.27 million from $4.25 million in the same period of 2007. Non-interest income for the quarter declined 14% to $734,000, compared to $855,000 in the same period of 2007.
The company reported a net loss of 16.07 million or $1.62 per diluted share for the first half of 2008, compared to a net income of $1.6 million or $0.53 per diluted share for the same period of 2007.
Net interest income increased 10% to $9.02 million for the first six months of 2008 from $8.20 million in the same period of 2007. Non-interest income increased 23% to $1.94 million from $1.57 million in the same period of 2007.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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