For the full-year period of 2007, net income was $2.7 billion, compared to $3 billion for fiscal 2006. Diluted earnings per share were $1.05 for fiscal 2007, compared to $0.96 for the full-year period of 2006.
DeWitt Drew, president and CEO, said: The fourth quarter and 2007 in whole were disappointing for us. We started the year on track in the first quarter, but had unsatisfactory results from our commercial mortgage banking business thereafter.
