JPMorgan Chase, one of the nations largest lenders, announced that their 2015 third quarter net income reached $6.8 billion, or $1.68 a share, up 22 percent year-over-year, according to the bank's earnings statement released Tuesday.
Read More »Fannie Mae’s Net Income More Than Doubles for Q2; Pace Slowed From Last Year
Fair value gains were the primary driver as Fannie Mae's net income more than doubled from the first quarter to the second quarter, according to an announcement from Fannie Mae on Thursday.
Read More »Ocwen Financial’s Q2 Net Income Declines Year-Over-Year
Ocwen Financial Corp. reported a net income of $10 million, or $0.08 per share, for the three months ended June 30, 2015, according to the company’s Q2 earnings statement.
Read More »Nationstar Mortgage Posts Q2 Net Income of $75 Million
Nationstar Mortgage Holdings rebounded from a $48 million net loss in the first quarter this year to post a net income of $75 million ($0.69 per share) for the second quarter in the company's Q2 2015 earnings statement released Thursday.
Read More »Goldman Reports Highest Q2 Net Income in Five Years; Citigroup Rises to $4.8 Billion
Investment banking firm, Goldman Sachs reported their highest first half net revenues in five years at $9.07 billion, according to the firm’s Q2 2015 earning statement released Thursday. Citigroup also experienced significant year-over-year growth in their net income with revenue reaching $4.8 billion for the bank, compared to $181 million for the same quarter last year, according to the bank’s earnings statement also released on Thursday.
Read More »Chase and Wells Fargo Earnings Statements Indicate Strong Q2 Results
Both JPMorgan Chase and Wells Fargo posted strong financial results in the second quarter, with Chase experiencing a 5 percent jump in net income, according to earnings statements released by both banks on Tuesday. Chase's Q2 net income of $6.29 billion represented an increase of 5 percent from the same quarter a year ago, while the New York-based bank's period-end balance sheet was down $123 billion in the second quarter.
Read More »GSEs Post Positive Net Income for the First Quarter
Freddie Mac, Fannie Mae, and the FHLBanks experienced a substantial increase in their net income for the first quarter. The Federal Housing Finance Agency (FHFA) released the Quarterly Performance Report of the Housing GSEs today analyzing the first quarter earnings and other contributing factors that boosted these GSEs’ incomes.
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