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Tag Archives: Quarterly Earnings

Q1 Reports Bode Well for National Credit Unions

As both current homeowners and potential homebuyers are settling more into their prospective communities, turning to federally-insured credit unions for their mortgage and banking needs has become a viable option. On Monday the National Credit Union Administration (NCUA) released its 2017 Q1 call report data, which reports growth all across the board for federally insured credit unions. Dan Berger, the President and CEO of the National Association of Federally-Insured Credit Unions (NAFCU) attributes the overall growth first and foremost to growing membership, which rose 4.2 percent, over 4.3 million more members than were registered a year ago.

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Profits Shrink at Fannie Mae

For all of 2014, Fannie reported profits totaling $14.2 billion, down from $84 billion in 2013. Like its sister company, Freddie Mac, Fannie's 2013 results got a major boost from a one-time benefit related to deferred tax assets and a surge in funds from securities settlements.

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Freddie Mac Ekes Out Profit Despite Derivative Losses

For the last three months of 2014, Freddie pulled in $227 million in net income, the company said Thursday, a drop of nearly $2 billion from Q3. The sharp drop came from derivative losses, which totaled $3.4 billion for the quarter as interest rates fell.

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Ocwen Anticipates Losses Ahead of Earnings Report

In a note to stakeholders released Thursday, Faris reviewed a handful of the regulatory hurdles Ocwen has had to deal with in the past year, including a long-running investigation from New York's top financial regulator that eventually resulted in a $150 million settlement.

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Fourth-Quarter Earnings Down at Goldman Sachs

New York-based investment bank Goldman Sachs reported a slight year-over-year decline in Q4 2014 net earnings, but for the whole year of 2014 the firm reported a slight uptick from 2013, according to the firm's Q4 and year-end earnings statement released on Friday.

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Profits Jump 87% at Morgan Stanley

Morgan Stanley's third quarter 2014 net revenues of $8.9 billion marked an increase from $8.0 billion from the same period a year ago, the investment bank reported in its Q3 2014 earnings statement released on Friday. Morgan Stanley's net income for Q3 2014, including discontinued operations, was reported at $1.7 billion.

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Goldman Sachs Sees Boost in Profits

The Goldman Sachs Group, Inc. reported a third quarter net revenue of $8.39 billion and net earnings of $2.24 billion, according to the company's Q3 earnings statement released on Thursday.

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Legal Costs Strangle Third-Quarter Earnings at BofA

Bank of America reported on Wednesday its earnings for the third quarter, revealing that profits tanked under the weight of a massive legal charge stemming from a recent mortgage settlement with the Justice Department. Factoring in the settlement, BofA's mortgage unit was the only one of its five businesses that didn't see income grow over the last year.

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Citi Ups Earnings in Third Quarter

Citigroup reported an increase of 7 percent in its net income from $3.2 billion up to $3.4 billion year-over-year in the third quarter. Overall, Citigroup's revenues increased by 9 percent year-over-year in Q3, up to $19.6 billion.

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