Tag Archives: First Quarter

Fannie Mae’s first quarter net income was down sharply from that in Q4. Gains in risk management derivatives were overshadowed by smaller increases in interest rates and less income from fees. Lower refinancing activity also contributed to the smaller bottom line.

The news of the over-the-year decline in JPMorgan Chase's net income came on the same day that the Fed and FDIC announced that the bank's "living will" for 2015 is deficient.