Overall, the bank's earnings exceeded expectations for Q4, but the mortgage banking division posted a disappointing quarter.
Read More »SunTrust, Comerica Offer a Mixed Bag in Q3 Results
SunTrust and Comerica earned mixed reviews after reporting year-over-year profit declines in the third quarter, according to the banks' earnings statements released Friday.
Read More »Citigroup, U.S. Bancorp Profitable in Q3 While Goldman Sachs Net Revenues are Down
Citigroup reported $4.3 billion in net income for the third quarter, or $1.35 per diluted share, up 53 percent from $2.8 billion, or $0.88 per share, in the same quarter a year ago. The bank also has revenues that reached $18.7 billion, down from $19.7 billion last year.
Read More »Revenue Remains Constrained for Banks in Q2 Despite Record Earnings
Earnings for the U.S. banking industry totaled a record 43 billion dollars during Q2 2015, a 7 percent year-over-year increase. Regional and community banks reported significantly higher earnings than larger banks during Q2, which is consistent with past periods.
Read More »Nationstar Reports Strong Q2 Earnings for 2014
Nationstar Mortgage Holdings, Inc. today announced a hefty 174 percent increase in its 2014 second quarter earnings compared to its first quarter earnings for this year.
Read More »SunTrust Overcomes Settlement to Post Healthy Earnings Report
SunTrust Banks, Inc. indicated healthy earnings moving in a positive direction Monday, reporting a net income of $387 million for Q2 2014. Earnings year to date are up 18 percent over this point last year.
Read More »New Report Says 2013 GSE Revenue ‘Will Not be Repeated’
Strong fourth-quarter 2013 earnings by Freddie Mac capped a year of unprecedented financial earnings for the government-sponsored enterprises (GSEs), but reflect several one-time items, according to a release issued by Fitch Ratings. Fitch comments, "While results of the type posted in 2013 will not be repeated, Fitch Ratings expects increased guarantee fees (g-fees) and improving mortgage credit quality to support continued profitability for the GSEs this year."
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