Items Tagged with 'Earnings'

ARTICLES

Nationstar revenue increases 45% in Q4

Net income increases nearly 500%
Nationstar finished 2016 with a bang, increasing its revenue by 45% and its net income by nearly 500%. But those aren’t the only increases the company saw during the fourth quarter. Nationstar’s CEO explains what this means for the company in 2017.
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Arch MI finishes off 2016 with a boom

Mortgage insurance increases more than 50%
Arch MI’s strong third quarter results carried into the fourth quarter as the company finished the year off strong. Arch increased its mortgage insurance written just slightly from the previous quarter and by more than 50% from the prior year.
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Ellie Mae just misses second straight $100 million quarter

Saw revenue growth of 42%, net income growth of 70% in 2016
It was another strong year for Ellie Mae, as the company reported Thursday that it saw solid financial results in 2016. And while the company didn’t see a third straight record-breaking quarter from a revenue perspective, the fourth quarter was another solid one for Ellie Mae.
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Goldman Sachs investing and lending takes a hit in 2016

Decreases by 25% annually
Goldman Sachs reported its earnings early Wednesday morning, showing that while revenues are still up from last year, it is struggling in several areas. One of those areas includes its investing and lending sector, which decreased 25% in 2016 compared to the previous year. But that isn’t the only sector in the company that saw significant losses.
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Wells Fargo to close more than 400 branches

Looks to cut $2 billion in costs
After a week of losses for Wells Fargo, the bank announced it will close down more than 400 branches in the next two years. These cost-saving measures could save the company $2 billion, but this isn’t the first time the bank will close branches and denies the move is connected to the fake accounts scandal.
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JPMorgan Chase blows earnings estimate out of the water

Mortgage banking declines
JPMorgan Chase reported earnings that not only grew substantially from last year, but also blew estimates out of the water when earnings came in 20% higher than expected. However, not everything in the earnings report showed such strong numbers. The mortgage banking sector struggled in the last quarter of the year.
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Bank of America earnings per share beat expectations, increase 48%

But rise in interest rates came too late to affect Q4
Bank of America showed a positive quarter, and even beat already high expectations. But while the increase is up from last year, it still declined from the third quarter. The bank’s chief financial officer explains that rising interest rates, while not in time for the fourth quarter, could push net interest income even higher in 2017.
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