While JPMorgan Chase’s net income for the second quarter stayed relatively flat from a year ago, mortgage banking income took an upward turn.
Read More »Will Q2 Results Be Kinder to Banks than Q1?
The profits of nearly every large bank holding company took a hit in Q1 compared with the first quarter of 2015. Will Q2 be any better?
Read More »Finally, a Bank that Increased Profits in Q1
While most of the nation’s largest banks and investment banking firms have struggled to exceed last year's Q1 profits in the first quarter this year, one bank finally managed to pull it off.
Read More »Is There any Silver Lining to be Found in Ocwen’s 2015 Earnings Report?
With the regulatory turbulence of 2014 largely behind them, Ocwen still had a tough year financially in 2015.
Read More »Fannie Mae’s Single-Family Business Suffers from Credit Expenses
Just one day after FHFA Director Mel Watt stated during an address in Washington, D.C. that risks facing the Agency (namely the GSEs’ declining capital buffer) are “certain to escalate” the longer the conservatorships of the GSEs continue, Fannie Mae reported an annual net income of $11.0 billion for 2015—a decline of 23 percent from the previous year’s net income of $14.2 billion.
Read More »SunTrust’s Mortgage Servicing Income Skyrockets
The Atlanta-based bank is no longer burdened by legal matters and it showed in their 2015 fourth quarter and year-end earnings.
Read More »CitiGroup & U.S. Bancorp Report Profitable Q3 Results; Goldman Sachs Falls Short
Citigroup Inc., experienced a substantially profitable third quarter and U.S. Bancorp's earnings marginally increased, while Goldman Sachs fell short of expectations.
Read More »