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Items Tagged with 'Earnings'


Home Depot up after company beats expectations on $24.8B 2Q sales

Trading up Tuesday as retailer raises fiscal year 2015 guidance
The Home Depot is having a good day on the Street after it beat analyst expectations in the second quarter with sales of $24.8 billion for the second quarter of fiscal 2015, a 4.3% increase from the second quarter of fiscal 2014 - all despite the big credit card data breach last September.
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Higher rates boost Annaly’s earnings

Huge gain compared to losses last quarter
Annaly Capital Management posted a second-quarter GAAP net income of $900.1 million, or $0.93 per average common share. Annaly’s CEO noted that this is a strong reminder of the positive impacts higher rates can have on earnings.
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Freddie Mac net income soars 700% to $4.2 billion

Continues to sell off seriously delinquent loans
Freddie Mac reported a second-quarter net income of $4.2 billion, compared to $524 million for the first quarter of 2015 — a more than 700% increase in a single quarter. This is sure to raise more questions about proper CEO compensation and the ongoing conservatorship. Read on.
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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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