The Traderszone Network

Published in TZ Latest News 9 April, 2015 by The TZ Newswire Staff

Mortgages may be a bright spot for U.S. bank results in first quarter

U.S. bank earnings likely got a lift from mortgage lending in the first quarter, as lower rates spurred a surge in applications to refinance home loans, one of several glimmers of hope for a sector that has lately struggled with weak growth. Most are expected to post relatively big profit increases excluding one-time items, according to average analyst forecasts from Thomson Reuters I/B/E/S after a year-ago period when results were depressed by weak mortgage and trading revenues.

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