Key insight: PNC hit or beat expectations across the board for its third quarter financial results. What’s at stake: After years of mild dealmaking and loan growth, banks are starting to reap the benefits of more certainty and a frothier market. Forward look: While PNC logged record revenue for the third quarter, its fourth-quarter outlook […]
PNC logs record revenue on fee income, loan growth Read More »
Bottom line: Wells Fargo’s third quarter profit jumped 9%, eclipsing analysts’ expectations by a wide margin. Expert quote: “Wages have kept up with inflation for many folks, and we continue to see unemployment be quite low historically,” Chief Financial Officer Mike Santomassimo said. Forward look: Wells Fargo increased its target for return on tangible common
Wells Fargo’s earnings aided by consumers, capital markets Read More »
Key insight: Citi is turning a corner on profitability, CEO Jane Fraser said. Forward look: The company plans to disclose future profitability metrics in May. Expert quote: “The best part is, there is much more upside ahead,” Fraser said. UPDATE: This article includes comments made during Citigroup’s earnings call as well as commentary from a
Citi’s makeover shows results, with more upside ahead: CEO Read More »
Digital mortgage platform Beeline Holdings announced Monday that it has paid off more than $7 million in debt and is positioning itself to become cash flow positive by the first quarter of 2026. The company’s announcement also explained that all secured credit facilities, including senior debentures, were fully repaid as of Sept. 3, 2025. Only
Beeline expects to achieve cash flow positive status by Q1 2026 Read More »
Title insurers generated $4.5 billion in premiums during the second quarter of 2025, up from $4.1 billion a year earlier, according to the American Land Title Association’s (ALTA) latest Market Share Analysis. “The title insurance industry continues to demonstrate resilience and reliability, even as the broader real estate market faces headwinds,” said ALTA CEO Chris
Title insurance premiums rise to $4.5B in Q2 Read More »
President Donald Trump on Monday renewed his call for U.S. companies to move away from quarterly earnings reports, building upon an idea he floated during his first term. Since 1970, the nearly 3,700 publicly traded companies in the U.S. — including mortgage and real estate companies — have been required to disclose their financial results
Trump wants quarterly earnings reports to become a relic of the past Read More »
Keefe, Bruyette & Woods, while still expecting robust profits from Fannie Mae and Freddie Mac, has dimmed its outlook on both companies’ earnings per share potential as probabilities for a release from conservatorship increase. The stock rating for both are, and will remain at, underperform. KBW, in its fine-tuning of the earnings models, reduced earnings
KBW lowers its Fannie Mae, Freddie Mac profit projections Read More »
Figure Technology Solutions has formally launched its long-awaited initial public offering that could bring over $508 million in gross proceeds to the company if the overallotment is exercised. The company is offering over 21.46 million shares, with an overallotment of 3.95 million shares. In addition, 4.85 million shares are being sold by existing stockholders in
Figure Technology seeks $508M in long-awaited IPO Read More »
The publicly traded companies in the reverse mortgage space were largely profitable in the second quarter of 2025, despite a challenging macroeconomic backdrop. As a group, they posted $1.2 billion in originations in Q2 2025, compared to $1 billion in the first quarter. Executives pointed to stronger demand for home equity products among seniors, as
Reverse mortgage lenders log Q2 profits amid home equity, AI push Read More »
Several senior executives in Better’s control and finance teams, including chief financial officer Kevin Ryan, have taken additional jobs or left the company as it navigates financial pressures, according to public announcements and updates to social media profiles. In July, Ryan also joined investment bank Houlihan Lokey as a managing director in its capital solutions
Better’s Kevin Ryan adds Houlihan Lokey role amid executive shake-up Read More »