Ex-NFL star sentenced to five years in prison for mortgage fraud

Ex-NFL star sentenced to five years in prison for mortgage fraud

Irving Fryar and his mother convicted of conspiring to steal $1.2M

Experian hacked: 15 million people’s credit data stolen in breach

Credit reporting agency becomes latest victim of data breach

Here's what today's job creation implosion means for housing and mortgage finance

Jobs crater, labor participation rate near 40-year low and zero wage growth
Lending / The Ticker

JPMorgan Chase income rises 33% in 1Q

JPMorgan Chase (JPM) earnings rose 33% from year ago levels in the first quarter, despite a 3% decline in revenue.

Forbes has more:

JPMorgan Chase's earnings landed Friday, and for Jamie Dimon the best part is probably the lack of surprises in the better-than-expected first-quarter figures.

The bank topped estimates with earnings of $1.59 per share. Net income of $6.5 billion was up 33% from a year earlier, despite a slight 3% decrease in revenue to $25.8 billion. The bank lowered its provision for credit losses by $107 million, or 15%, and derived a $126 million gain from wider spreads on its own credit, which accounted for a combined 18 cents in earnings. Excluding those benefits JPMorgan earned $1.41, still better than $1.38 consensus view.

Source: Forbes
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus