mortgage-lender

JPMorgan results trump estimates as election stimulates trading

(Reuters) – JPMorgan Chase & Co , the No. 1 U.S. bank by assets, reported stronger-than-expected quarterly earnings and revenue on Friday, helped by a surge in investor activity related to the U.S. presidential election. The bank's net income rose 23.8 percent to $6.73 billion in the three months ended Dec. 31, while earnings per share rose to $1.71 from $1.32. “The U.S. economy may be building momentum,” he added.

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JPMorgan results trump estimates as election stimulates trading

mortgage-lender

Wells Fargo reports fifth straight decline in profit

(Reuters) – Wells Fargo & Co , the largest U.S. mortgage lender, reported its fifth straight decline in quarterly profit on Friday as it tries to recover from a bogus-accounts scandal.

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Wells Fargo reports fifth straight decline in profit

mortgage-lender

Wells Fargo admits deception in $1.2 billion U.S. mortgage accord

The settlement with Wells Fargo, the largest U.S. mortgage lender and third-largest U.S. bank by assets, was filed on Friday in Manhattan federal court. It also resolves claims against Kurt Lofrano, a former Wells Fargo vice president.

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Wells Fargo admits deception in $1.2 billion U.S. mortgage accord