Taking a large step toward a corporate turnaround, Bankers Trust New York Corp. reported Thursday that its fourth-quarter earnings jumped 16%, to $147 million.

Boosted by gains in its securities trading business and a modest recovery in its controversial derivatives business, the company earned $1.59 on a per-share basis, compared to $1.36 in the same period of 1995. Excluding an unexepected charge related to accounting, results were in line with analysts' consensus estimate.

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