Items Tagged with 'Earnings'

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Mortgage income pushes SunTrust earnings up in Q2

Mortgage apps increase 27% annually
SunTrust Bank reported positive earnings for the second quarter. Revenues increased from last month and last year, driven mainly by the company’s mortgage-related income, which increased even while interest rates are near all-time lows.
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BB&T reports record revenues

Added $5.9 billion in loans
The bank hit record revenues and came in with strong quarterly earnings. The bank attributes most of its success this quarter to two factors. Here are the details.
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U.S. Bancorp profits increase in Q2

Earnings come in ahead of expectations
Bancorp just announced its earnings, and the results were better than analysts expected. In a time when banks are struggling to make a profit due to low interest rates, Bancorp came out on top.
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Wells Fargo earnings in line with expectations

Reports earnings of $1.01 per share
Wells Fargo earnings came in in-line with Capital IQ Consensus at $1.01 per share. Revenue rose by 4% from last year. The company's second quarter results demonstrated ability to generate consistent performance during periods of economic, capital markets and interest rate uncertainty.
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JPMorgan Chase beats expectations for Q2 earnings

Strength in mortgages and real estate cited for growth
"JPMorgan Chase continued to perform well in all of our major businesses,” said Jamie Dimon, JPMorgan Chase chairman and CEO. “We saw strong underlying performance with record consumer deposits, up 10%, credit card sales volume, up 8%, merchant processing volume, up 13% and broad core loan growth, up 16%, particularly in mortgage and commercial real estate.”
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