Items Tagged with 'Net income'

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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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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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