National City Takes $200 Million Charge, Sees Fourth Quarter Earnings Pressure

MONTREAL, December 2, 2015 -For the fourth quarter of 2015, National Bank is reporting net income of $347 million, up 5% from $330 million in the same quarter of 2014. diluted earnings per share stood at $0.95 in the fourth quarter of 2015, up 4% from $0.91 in the same quarter of 2014.

MetLife to Take $792 Million Third-Quarter Charge Tied to Tax Issues. Updated Sept. 16, 2015 5:17 p.m. ET Life insurer MetLife Inc. said it would take a $792 million charge against third-quarter earnings to reflect that it may owe more federal taxes for past years, prompted by an adverse court ruling earlier this month involving other companies in.

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Total provision expenses for the fourth quarter will be nearly $1.8 million, up from $550,000 in the third quarter, the bank added.

Jefferies raises Nationstar Mortgage to a ‘buy’ rating Updated, 8:48 p.m. | New York State’s top banking regulator is raising questions about the capabilities of the mortgage servicing firm Nationstar Mortgage Holdings, demanding details about the company’s staffing levels, modification procedures and affiliated businesses. In a letter to Nationstar on Wednesday, the regulator, Benjamin M. Lawsky, superintendent of financial services, said his.

10.2.12 An article in the wall street journal states that Royal Bank of Canada’s ROE during the fourth quarter of 2009 was 14.5%, having fallen from 16.4% during the fourth quarter of 2008. Despite the decline in ROE, the article states that the total amount the bank had earned in profits was higher than it had been a year earlier.

National City Corp. took a $200 million charge in October and November surrounding its mortgage banking operations, saying its mortgage business "continues to be under stress" in a filing Monday.

Two weeks ago, National City said at its annual investor day that it would slash 1,300 mortgage jobs and take a pretax charge of $200 million to write down the value of mortgage securities.

Forest Labs reports higher second-quarter earnings. The firm said tax-equivalent net interest income slipped to $1.15 billion, while fees and other income rose 22% to $916 million. The growth in fee income was helped by a nearly 50% rise in loan sale revenue to $76 million, due to improved margins on mortgage loans.

National City Corp. took a $200 million charge in October and November surrounding its mortgage banking operations, saying its mortgage business "continues to be under stress" in a filing Monday.

Investors have long griped about Amazon’s strategy of investing the revenue it makes into new offerings, leading to little or no earnings growth. But the first quarter results were the fourth. See.

He has since watched the fourth quarter several times. "Besides the normal if-you. He’ll be eligible for a five-year contract in excess of $200 million. Griffin’s return is less certain, sources.