Items Tagged with 'earnings per share'

ARTICLES

  • Wells Fargo settlements don’t affect its bottom line – earnings increased in 2018

    But mortgage income plummets in Q4
    Last year lenders struggled under increasing competition and some were even forced to sell or merge with other companies – but Wells Fargo saw an increase in its full year net income. But while its net income might have increased, the bank is not immune to market swings, and its mortgage banking income plummeted.
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  • Is Bank of America taking its focus off mortgage lending?

    And who’s servicing its mortgages?
    Could Bank of America be taking a step back from its mortgage lending platform? Its new earnings report from the first quarter may hold the answer. A few years ago, the bank could easily report $1 billion per quarter in its mortgage banking income. However, in the first quarter of 2018, the income from this sector was so small that it was simply lumped into the section for all other income.
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  • Citigroup reports net loss in Q4 due to tax reform

    Citi mortgage improvements push net credit losses down $30 million
    Citigroup reported a net loss during the fourth quarter of 2017 after taking a hit from the Tax Cuts and Jobs Act. Tax reform caused the bank to pay $19 billion related to the re-measurement of its deferred tax assets arising from a lower U.S. corporate tax rate.
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  • JPMorgan net income plummets 37% due to tax reform

    Before tax reform net income fell 1%
    JPMorgan Chase reported a decrease in its earnings in the fourth quarter of 2017 as the company experienced impacts from the recently enacted Tax Cuts and Jobs Act. The company reported a net income of $4.2 billion in the fourth quarter of 2017, down 37% from $6.73 billion in the third quarter and in the fourth quarter of 2016.
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