The bank said net income for the quarter plunged 83.5 percent.
I had no inkling that my income would plunge by this much.
After-tax incomes plunged by a sharp 2.4 percent in April.
Daiwa Securities' net income plunged 59.3 percent, to $434.4 million, down from about $1.07 billion.
By 2000, Nigeria's per capita income had plunged to about one-quarter of its mid-1970s high, below the level at independence.
For one thing, his annual income has plunged from $850,000 or so in his consulting days to about $120,000.
The per capita income, which was $1,000 in 1980, has plunged to $250.
Worst hit were the peasants whose incomes plunged 50% or more.
Net income plunged more than 40 percent to $38.3 million, compared with $64.5 million in the period last year.
For the entire year, Morgan's net income plunged 90.4 percent, to $83.3 million, from $872.5 million in 1986.