Most Recent Earnings News

Flagstar pins the success of its turnaround on C&I growth

Flagstar pins the success of its turnaround on C&I growth

UPDATE: This article includes additional information from Flagstar’s first-quarter earnings call. Joseph Otting, the chairman and chief executive of Flagstar...

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Fifth Third CEO: Deregulation will up competition for banks

Fifth Third CEO: Deregulation will up competition for banks

Banks are still optimistic that deregulation under the Trump administration will help offset some of the recent turbulence from recent...

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Angel Oak eyes non-QM growth if Trump GSE plan advances

Angel Oak eyes non-QM growth if Trump GSE plan advances

President Trump’s proposal to privatize the government-sponsored enterprises will present promising opportunities for non-QM growth if it materializes, leaders in...

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Loandepot returns to profit in Q3, unveils new strategic plan

Loandepot returns to profit in Q3, unveils new strategic plan

Loandepot saw its financial wherewithal bounce back into the black in the third quarter, after reporting losses since the beginning...

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Wells Fargo nearing ‘trough’ in deposit costs after Fed rate cut

Wells Fargo nearing ‘trough’ in deposit costs after Fed rate cut

UPDATE: This article includes new comments from Wells Fargo’s earnings call and analyst commentary on the bank’s results. The deposit...

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Mortgage-related loss grows at Remax in 2Q

Mortgage-related loss grows at Remax in 2Q

Remax Holdings reported higher mortgage revenue year-over-year in the second quarter but the non-GAAP loss for the segment also rose....

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Waterstone Mortgage has best quarter in two years

Waterstone Mortgage has best quarter in two years

Waterstone Mortgage reported a second consecutive quarter of profitability, although management at its parent company cautioned about the macro environment...

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Bank of America beats analysts’ expectations despite dip in profits

Bank of America beats analysts’ expectations despite dip in profits

During the second quarter, Bank of America recorded $6.9 billion in net income, down more than 6% from the same...

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Citi’s revenues rise amid growth across all business lines

Citi’s revenues rise amid growth across all business lines

This is a developing story. Please check back here for updates. Citigroup on Friday reported an uptick in revenues as...

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