Tag Archives: Profits

Goldman Sachs will release its earnings statement for Q1 on Tuesday, April 19. How much will the recent $5 billion settlement affect the firm's profits?

Several banks announced this week that their profits were down for Q1. Is there a theme to the declines in bank earnings, or is it a coincidence?

The PNC Financial Services Group's residential mortgage banking division faced losses at the start of the year due to losses related to mortgage servicing rights and lower loan sales.

While Bank of America's first quarter earnings statement featured positives, including consumer banking, it was still a tough quarter overall for the bank.

The news of the over-the-year decline in JPMorgan Chase's net income came on the same day that the Fed and FDIC announced that the bank's "living will" for 2015 is deficient.

This week, the nation's largest banks will release the reports of their profits—or losses—from the first quarter of 2016.

The bank is scheduled to release its Q1 2016 earnings statement on April 14.

With the regulatory turbulence of 2014 largely behind them, Ocwen still had a tough year financially in 2015.

CEO Jay Bray said the company is entering 2016 "well-positioned from a strategic, operational and capital perspective.”

FDIC Chairman Martin Gruenberg said despite the increase in profits, banks are still operating in a "challenging environment."