Items Tagged with 'JPMorgan Chase Jamie Dimon'

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  • JPMorgan Chase 2Q17 mortgage banking revenue offsets overall boost in earnings

    Beats earnings expectations
    Despite a boost in net revenue compared to the second quarter of last year, lower mortgage banking revenue at JPMorgan Chase didn’t perform as well. As a result, the decline offset some of the bank’s overall increase in earnings. However, this didn’t stop the mega bank from still managing to beat earnings expectations.
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  • Dimon: FHA, servicing rules changes could add $300B in mortgages per year

    JPMorgan Chase CEO paints rosier picture of mortgage business in 2017
    Last year, JPMorgan Chase CEO Jamie Dimon painted a particularly unflattering view of the mortgage business in his yearly letter to shareholders. But this year, Dimon’s tone toward the mortgage business is much different. In the 2017 version of his letter to shareholders, Dimon suggested that with some (significant) changes, the mortgage business could grow considerably in 2017 and beyond.
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  • JPMorgan Chase CEO declares mortgages bad for business

    Jamie Dimon is not a fan of home loans
    In his yearly letter to shareholders, JPMorgan Chase CEO Jamie Dimon openly questioned why the bank is still in the mortgage business, telling shareholders that one of the main reasons that the megabank is still engaged in mortgage lending is for the benefit of its customers, despite the "volatile" nature of the business and the "increasingly lower returns" coming from mortgages.
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  • JPMorgan Chase shakes up board with new directors

    Enhances its focus on corporate governance
    The board of directors at JPMorgan Chase plans to elect Linda Bammann and Michael Neal as directors of the company, according to an announcement Monday. The board changes come at a time when the firm is enhancing its corporate governance practices.
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