Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
1,829
# of Questions Answered
 

Send Article via Email

REGISTERED USERS (Free!):
Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 1 and 4 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
 
This email was sent to you by:
Harry Chriest |
Mortgage News Daily

Message:   YOUR MESSAGE HERE
Email alerts, such as this one, are a free service provided by Mortgage News Daily. If you would like to receive an alert when important news breaks please register to join our community.
J.P. Morgan shares fall 2% on earnings miss
Posted to: Around The Web
Friday, April 11, 2014 3:21 AM

Forward this email:  Send a copy of this story to someone you know that may want to read it.

NEW YORK (MarketWatch) -- J.P. Morgan Chase & Co. reported its first-quarter profit fell 19% to $5.3 billion, or $1.28 a share, from $6.53 billion, or $1.59 a share, a year earlier. Revenue fell 8% to $22.99 billion, from $25.12 billion a year earlier, led by weak trading revenue in the country's largest bank said Friday. Mortgage originations plunged 68% over the year, to $17 billion. Investment banking net income was down 15% over the year. Analysts had expected earnings of $1.39 a share on revenue of $24.43 billion, according to FactSet. Shares in J.P. Morgan were down 2% in pre-market trading. "We have growing confidence in the economy -- consumers, corporations and middle market companies are in increasingly good financial shape and housing has turned the corner in most markets


More from MND:

 

If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.

Forward this email:  Send a copy of this story to someone you know that may want to read it.

 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.01%
  • |
  • 15 Yr FRM 3.18%
  • |
  • Jumbo 30 Year Fixed 3.90%
MBS Prices:
  • 30YR FNMA 4.5 108-11 (-0-01)
  • |
  • 30YR FNMA 5.0 110-20 (-0-00)
  • |
  • 30YR FNMA 5.5 111-19 (0-01)
Recent Housing Data:
  • Mortgage Apps 11.56%
  • |
  • Refinance Index 23.29%
  • |
  • FHFA Home Price Index 0.67%