Oct 17, 2013 by John MaxfieldBB&T Earnings Grow Despite Drop in Mortgage BankingThis morning, BB&T reported pre-tax earnings that grew on a year-over-year basis even though revenue from its residential lending operations fell by 44.5% compared to the third quarter of 2012.
Oct 17, 2013 by John MaxfieldFor Bank of America, a Boring Quarter Is a Good QuarterIn this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analyst David Hanson is joined by banking sector contributor John Maxfield to dig deep into the third-quarter results of Bank of America, the nation's third largest bank by assets.
Oct 17, 2013 by John MaxfieldTrading Revenues Plunge at Goldman Sachs; Earnings EvenGoldman Sachs also increases quarterly dividend from $0.50 to $0.55 per share.
Oct 17, 2013 by John MaxfieldMortgage Applications Increase for 4th Time in 5 WeeksThe Mortgage Bankers Association reported Wednesday that applications for home loans rose last week by 0.3% compared to the previous seven-day period.
Oct 17, 2013 by John MaxfieldA Huge Day for Bank EarningsToday's top stories for the banking and financial sector.
Oct 16, 2013 by John MaxfieldWells Fargo Doth Protest Too MuchWells Fargo's repeated references to its diversified revenue streams ring a bit hollow when you examine the actual numbers.
Oct 16, 2013 by John MaxfieldKeyCorp's Earnings Saved by Lower Credit CostsThe tide seems to be turning at Ohio-based KeyCorp, as the regional bank saw earnings grow compared to the same quarter last year.
Oct 16, 2013 by John MaxfieldEarnings Up at PNC After a Challenging QuarterPNC Financial added its name to the list of lenders that improved earnings but struggled to prop up its top line in the third quarter.
Oct 16, 2013 by John MaxfieldU.S. Bancorp Earnings Show Solid PerformanceU.S. Bancorp evidently didn’t get the memo about the headwinds facing the financial industry. Earlier today, the nation’s largest regional bank reported third-quarter earnings that were almost indistinguishable from both the second quarter, and the same period last year.
Oct 16, 2013 by John MaxfieldBank of America's Earnings: Nothing to See Here, FolksThe nation’s second largest bank by assets reported earnings this morning for the three months that ended Sept. 30. While there were a fair number of both highs and lows scattered throughout the figures, it was altogether a boring quarter -- which is just fine by Bank of America.
Oct 16, 2013 by John MaxfieldDigging Into Citigroup's EarningsBefore the market opened yesterday, Citigroup added its name to the list of banks that performed abominably last quarter.
Oct 15, 2013 by John MaxfieldA Second Look at JPMorgan's Earnings Reveals Worse News Than ExpectedWhy JPMorgan's third-quarter earnings may be worse than you first thought.
Oct 15, 2013 by John MaxfieldOn Second Thought, Wells Fargo Had a Horrible Third QuarterA deep dive into Wells Fargo's third-quarter earnings proved that there was more to the bank's success than meets the eye.
Oct 14, 2013 by John MaxfieldWhat JPMorgan's Loss Says About Jamie Dimon's HonestyJPMorgan Chase shocked investors by reporting a loss in the third quarter of the year. Perhaps more shocking than the loss itself, though, is what it implies about the honesty of the people running the bank.
Oct 14, 2013 by John MaxfieldWells Fargo Sees Mortgage Originations Plummet in Latest QuarterThe nation's largest mortgage originator reported on Friday that originations dropped by 29% in the third quarter of this year.
Oct 13, 2013 by John Maxfield14 Things You Don't Know Because of the Government ShutdownOne of the most disturbing aspects of the shutdown is the absence of critical economic reports that are being released.
Oct 13, 2013 by John Maxfield5 Reasons Mortgage Applications Get DeniedSome of the reasons won’t come as a surprise, but others are less obvious and may save you from making a critical mistake.
Oct 12, 2013 by John MaxfieldWhy the S&P 500 Surged Above 1,700 Last WeekOptimism over the debt impasse and positive earnings sent the market soaring at the end of last week.
Oct 12, 2013 by John Maxfield5 Things You Should Know About Mortgages, but Probably Don'tA handful of mortgage experts weigh in on the five things you should know about mortgages, but probably don't.