Charlie Scharf, CEO of Wells Fargo, said he was “extremely disappointed” in the quarter. Click through for more information.
Read More »Total Expert Strengthens Leadership Team
Total Expert has added three senior management positions on the heels of an exponential increase in its three-year revenue growth.
Read More »How Home Lending Impacted the Big Banks
The results of JPMorgan Chase, Wells Fargo, and Citi reflected a subdued Q4. Click through to learn how their numbers stacked up and the factors that affected their earnings estimates.
Read More »Black Knight Revenue Increases 7 Percent in Q3
Net earnings attributable to Black Knight of $43 million, or $0.29 per diluted share, increased 38 percent during the quarter.
Read More »Will Additional Charges on Luxury Housing Help Govt. Revenue?
A recent research examined how much revenue a state government could generate by levying charges similar to property tax surcharge on luxury homes. Click through to read the findings and which state stood to benefit the most from such a tax.
Read More »Bank of America Reports Record Earnings in Q1
Growing consumer activity and a solid U.S. economy spurred a record growth in earnings for Bank of America in the first quarter of 2018, that exceeded market expectations. How did it’s lending business perform? Click through to learn more.
Read More »Flagstar Sees Q1 Revenue Bump
Flagstar Bank is seeing growth across its mortgage service lines, according to the Q1 2017 earnings report released by the bank on Wednesday. Flagstar’s commercial real estate loans jumped 11 percent from Q1 2016 and 58 from Q4 2016. The bank’s mortgage revenues are also up, rising 19 percent for the quarter.
Read More »M&T Posts Q1 Results
At the end of Q1 2017, M&T bank reported a mortgage banking revenue of $85 million, a $3 million increase from Q1 2016, but a decrease from Q4 2016’s $98 million. The bank’s real estate and other foreclosed assets dropped from $188 million to $119 million year-over-year, and quarterly from $139 million.
Read More »Wells Fargo and BofA Report Strong Q3 Financial Results
Wells Fargo and Bank of America posted strong 2015 third quarter financial results, with net incomes reaching $5.8 billion and $4.5 billion, respectively.
Read More »JPMorgan Q3 Net Income Rises to $6.8 Billion
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.
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