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<blockquote data-quote="pemanager" data-source="post: 474567" data-attributes="member: 5027"><p>Red,</p><p></p><p>You are comparing apples and oranges for the profit. $5.4 Billion is operating profit (Before taxes) It was $6.8 Billion in 2007, so pre-tax profit dropped by $1.4 billion, or over 20%, this year. The net profit in 2007, adjusted to remove the impact of the CS pension buyout, was $4.4 Billion. It was $0.4 Billion after the impact of the CS Pension.</p></blockquote><p></p>
[QUOTE="pemanager, post: 474567, member: 5027"] Red, You are comparing apples and oranges for the profit. $5.4 Billion is operating profit (Before taxes) It was $6.8 Billion in 2007, so pre-tax profit dropped by $1.4 billion, or over 20%, this year. The net profit in 2007, adjusted to remove the impact of the CS pension buyout, was $4.4 Billion. It was $0.4 Billion after the impact of the CS Pension. [/QUOTE]
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