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Tag Archives: Revenue

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.

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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.

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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.

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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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