The Week Ahead: Focus on Q1 Earnings

first_imgHome / Daily Dose / The Week Ahead: Focus on Q1 Earnings On Monday Citigroup, Goldman Sachs, and Charles Schwab will announce their Q1 2019 earnings. These will be followed by Bank of America’s Q1 earnings announcement on Tuesday, April 16. These earnings announcements follow the ones made by JPMorgan Chase and Wells Fargo on Friday.In Q4, Citigroup reported a net income of $4.3 billion on revenues of $17.1 billion. This compared to a net loss of $18.9 billion on revenues of $17.5 billion in Q4 2017. Excluding mortgage, its Retail Banking revenues increased 5%, driven by continued growth in deposit spreads, partially offset by lower deposit volumes.Goldman Sachs had reported net revenues of $8.08 billion and net earnings were $2.54 billion for Q4. The bank had said that its Net revenues in interest rate products and mortgages were slightly lower, while net revenues in credit products were essentially unchanged during the year, while they remained unchanged during Q4.Charles Schwab had announced that its net income for Q4 2018 was $935 million, up 57% from $597 million for the Q4 2017. While Bank of America does not announce its mortgage lending revenue separately, it reported quarterly earnings of $7.3 billion in Q4.Here’s what else is in store in the week ahead:NAHB Housing Market Index, Tuesday, 10 a.m. ESTMBA Mortgage Apps, Wednesday, 7 a.m. ESTFed Beige Book, Wednesday, 2 p.m. ESTFreddie Mac Primary Mortgage Market Survey, Thursday 10 a.m. ESTCoreLogic LoanSafe Training Webinars, Thursday, 2 p.m. ESTCensus Bureau Housing Starts report, Friday, 8:30 a.m. EST Tagged with: Bank of America Charles Schwab Citigroup Goldman Sachs Lending mortgage Servicing in Daily Dose, Featured, News Related Articles The Week Ahead: Focus on Q1 Earnings Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Best Markets For Residential Property Investors 2 days ago Previous: Tim Gillis Joins ServiceLink as VP Capital Market Sales Next: When Housing Coincides With Transit in La-La Land Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Bank of America Charles Schwab Citigroup Goldman Sachs Lending mortgage Servicing 2019-04-12 Radhika Ojhacenter_img  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago April 12, 2019 1,174 Views Sign up for DS News Daily Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Radhika Ojha Share Save Demand Propels Home Prices Upward 2 days agolast_img

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