Items Tagged with 'Net income'

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MGIC net income grew 23% in Q1 2017

Company CEO says new insurance drop expected
MGIC saw an increase of nearly 23% in the first quarter of 2017. New insurance written saw losses of nearly 30% from the last quarter, however it is still up from last year, and the company CEO explained this drop was expected.
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Bank of America net income soars 40% in first quarter

But drop in mortgage income pulls down noninterest income
Bank of America saw tremendous growth in its net income in the first quarter with an increase of 40%. The company’s earnings per share also increased 46% from last year. However, a decrease in mortgage income created a drag on noninterest income for consumer banking.
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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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BB&T reports record year for earnings in 2016

But residential mortgage loans decreased in Q4
BB&T reported record earnings for 2016, and fourth quarter earnings significantly higher than the previous year. However, these increases were not driven by residential mortgage loans which actually decreased in the fourth quarter of 2016.
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U.S. Bancorp net earnings set new record in 2016

Net interest income grows in fourth quarter
U.S. Bancorp produced mixed results in their fourth quarter, but that did not prevent the company from setting a record year in 2016. The company’s net interest income also showed growth not just for the year, but also in the fourth quarter.
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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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