Items Tagged with 'Net income'


MGIC earnings beat expectations in Q3

Net operating income increases from last year
MGIC's net income dropped significantly in the third quarter from last year's total, but the decline isn't nearly as calamitous as it may seem. The company's revenue was actually above last year and above expectations. The increase is driven, in part, by a decrease in mortgage delinquencies.
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Bank of America earnings boosted by increase in mortgage banking

Improves mortgage servicing and lending
Bank of America earnings increased from last year and last quarter. The bank’s decreased expenses can be credited in part by the reduced costs of mortgage servicing. Several reports also put the primary earnings surge down to rising income from fixed securities trading, primarily in the bond market.
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JPMorgan Chase beats 3Q16 revenue expectations

Company sees record loan balances in asset management
JPMorgan Chase beat its revenue expectations in the third quarter this year, with mortgage loan growth serving as the driving factor. Consequently, the company saw a significant increase mortgage banking revenue.
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Citigroup 4Q net income tumbles to $350M

Income dented by legal fees
Citigroup's fourth-quarter earnings were significantly impacted by higher operating expenses. But despite the tough year, Michael Corbat, CEO of Citigroup, said the difficult year helped to pave the way for a strong 2015.
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Realogy Holdings beats earnings expectations

Hits $1.5 billion net revenue
"Our third quarter Adjusted EBITDA matched the third quarter of 2013, even in the face of difficult comparisons from the same quarter last year, which we believe was bolstered by accelerated home closings in a rising mortgage rate environment,” said Richard Smith, Realogy's chairman, CEO and president.
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