Marshall & Ilsley Posts Loss (MI)

Regional bank Marshall & Ilsley

reported a smaller loss in its second quarter, but still fell shy of analyst expectations. The bank reported a net loss of $173.8 million or 33 cents per share. Analysts were expecting a loss of 26 cents per share. Management said asset quality continued to improve with lower early stage delinquencies, nonperforming loan inflows, and nonperforming loans. Provision for loan and lease losses was $439.9 million in the second quarter of 2010, down $179.1 million, or 29%, versus the second quarter of 2009. Shares of M&I fell 46 cents, or 5.97%, to $7.25 in pre-market trading.