Continuing to reap the benefits of its Alex. Brown acquisition, Bankers Trust New York Corp. said Thursday its first-quarter net income jumped 11%, to $222 million.
But Cleveland-based National City Corp. posted a 62% decline in net income to $104 million, due to expenses from two acquisitions. Backing out merger charges, earnings rose 7%, to $298 million. However, operating earnings per share were still a penny shy of analysts' consensus estimate.