Falling mortgage activity at banks could dampen 3Q earnings

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q3 2018 Earnings Conference Call October 24, 2018 10:00 AM ET Executives. Weston Tucker – IR. Steve Plavin – President and CEO. Tony Marone – CFO. Doug.

Good day, ladies and gentlemen, and welcome to Allegiance Bancshares first-quarter 2019 earnings conference call. We had about eight bank fields and has really a bumper crop of activity. So there.

 · Additional information regarding factors that could cause such a difference appears in the section titled Forward-Looking Statements and Non-GAAP Measures of our earnings.

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After the first round of bank earnings this morning, Bank of America Corp. (NYSE: BAC) will be the next big financial company to report, scheduled for before market open on Monday, Oct. 15.

Rapidly increasing interest rates could dampen the financial sector’s growth. A flattening yield curve, or a shrinking spread between long-term and short-term interest rates, could affect the sector. Since this is a growth-oriented sector, any headwinds to the overall economy such as the current trade concerns could affect the sector.

As you know, the mortgage market has experienced significant volatility in the recent quarter. Many bullish mortgage investors who were encouraged by the falling unemployment. And I think a lot of.

Wells Fargo CFO on Q3 earnings, mortgages and rates We’ve seen big drops in mortgage banking activity at the big banks in Q3. We saw Nationstar miss earnings based on falling refinance activity this week. The stock was hit hard as we saw the effect of higher interest rates on refinance activity. Effect on homebuilders

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The Bank of England. feeding through to dampen economic activity and contain underlying inflationary pressures." The steady rise in borrowing costs could mean a considerable financial hit for those.

profits (e.g., Rotemberg and Saloner, 1987). In the context of mortgage lending, this suggests that when the Federal Reserve lowers interest rates, mortgage rates will fall less in concentrated mortgage markets than in competitive mortgage markets. This could dampen the effects of monetary policy in such markets.

Banks are in a painful limbo period as the firms anxiously await third-quarter earnings. The releases will arrive just as the banks are steering down new troubles, from weak trading revenue to.