The bank is scheduled to release its Q1 2016 earnings statement on April 14.
Read More »Lower Legal Costs Offset Headwinds for Banks’ Q4 Earnings
One notable exception was Goldman Sachs, which is fresh off a $5.1 billion RMBS settlement.
Read More »SunTrust’s Mortgage Servicing Income Surges Amid Positive Earnings Report
Largely free from legal costs from a 2014 settlement, SunTrust reported increased earnings for both Q4 and the full year 2015.
Read More »Despite Hurdles, Profits Jump for BNY Mellon and BankUnited
Both banks faced their own challenges in 2015, which included an RMBS lawsuit for BNY Mellon and a "lack of scale" for BankUnited, but they still saw substantial gains in earnings.
Read More »RMBS Settlement Cuts Into Goldman Sachs’ Profits
The investment banking firm's Q4 and full year 2015 earnings took a big hit as a result of the $5 billion residential mortgage-backed securities settlement announced last week.
Read More »With Settlements Behind Them, Morgan Stanley and Bank of America Post Solid 2015 Results
No more burdened by legal expenses that plagued them in 2014, both Morgan Stanley and Bank of America saw major year-over-year boosts in net income.
Read More »The Week Ahead: Will Morgan Stanley and Goldman Sachs Rebound?
Among the news the industry will be watching for in the coming week will be the Q4 and year-end earnings statements for Morgan Stanley and Goldman Sachs, among others.
Read More »Mortgage Incomes Down in Q4 for U.S. Bank, PNC
Both U.S. Bancorp and PNC Financial Services experienced slight declines in net income for the fourth quarter of 2015, and the results for mortgage banking revenues at both banks followed right along,
Read More »Citigroup Posts Best Yearly Income Since 2006; Wells Fargo Holds Steady
While the approaching date of December 25, 2015, meant it was beginning to look a lot like Christmas for many, for Citigroup it was beginning to look like the pre-crisis year of 2006.
Read More »Freddie Mac Reports Q3 Net Loss of Nearly Half a Billion Dollars
The loss will not cause Freddie Mac to need another draw from Treasury since it was only a fraction of the $1.8 billion net worth reserve the Enterprise has under the Preferred Stock Agreement, according to Layton. The dividends paid into Treasury by Freddie Mac remained unchanged at $96.5 billion, which is about $25 billion more than the $71 billion the Enterprise received in a taxpayer-funded bailout in 2008.
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