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Items Tagged with 'Earnings'

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Nationstar posts 2Q net income of $75M

Strong originations provide comeback after first quarter losses
Nationstar Mortgage Holdings reported quarterly net income of $75 million, or $0.69 per share, for the second quarter, compared to net loss of ($48) million, or ($0.53) per share, in the first quarter 2015. Want to know more?
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Radian 2Q15 net income drops to $50M

Despite decline, still beats analyst estimates
Radian Group posted second-quarter net income of $50 million, a drop compared to last year’s second quarter net income of $174.8 million. However, once adjusted, its diluted net operating income per share for the quarter was $0.4, which beat analyst expectations by $0.05.
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Bank of America 2Q net income soars to $5.3 billion

Lower legal expenses, higher mortgage originations drive growth
Bank of America recorded a second-quarter net income of $5.3 billion — more than double that of last year — driven by solid core loan growth, higher mortgage originations and the lowest expenses since 2008.
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Wells Fargo beats by a hair with $5.7B 2Q net income

Mortgage originations rise to $62B; MSR portfolio at $1.7T
Wells Fargo reported net income of $5.7 billion, or $1.03 per diluted common share, for second quarter 2015, compared with $5.7 billion, or $1.01 per share, for second quarter 2014, and $5.8 billion, or $1.04 per share, for first quarter 2015.
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JPMorgan Chase posts $6.3B in net income in 2Q

Beats expectations despite lower mortgage banking revenue
JPMorgan Chase beat analyst expectations in the second quarter, delivering second-quarter earnings of $1.54 per share, up from $1.46 a share in the year-earlier period, despite revenue falling to $24.5 billion from $25.35 billion a year ago.
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Freddie Mac reports profit of $524M in first quarter

Marks fourteenth consecutive quarter of positive earnings
Freddie Mac reported net income of $524 million for the first quarter of 2015, compared to $227 million for the fourth quarter of 2014. The solid quarter is the 14th in the black for the government sponsored enterprise. Here's how it broke down.
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