Friday, July 12, 2013

Wells Fargo 2Q13

2nd Quarter 2013
July 12, 2013

WFC Chart

In the short run, higher rates appear to be drawing potential home buyers off the sideline. Buyers want to get a mortgage before rates rise further from their historically low levels. In the long run, more expensive home loans might slow the housing market's recovery, which has helped drive the U.S. economy.

PDF2Q13 Earnings Press Release 903.2 KB
PDF2Q13 Earnings Presentation 718.0 KB
PDF2Q13 Earnings Supplement 2.5 MB
Mortgage Banking
Mortgage originations were $49.0 billion, up 12% from the prior year and down 7%
from the prior quarter, including purchase originations of $17.4 billion, up 50% from
the prior year and 44% from the prior quarter.

웰스파고, 2Q 모기지 정체에도 실적 `선방`

JP모건, 2Q 실적호조.."인력감축 확대할수도"(재종합)

금리상승으로 모기기 신청, 리파이낸싱 위축, 둔화
WFC의 MS 증가.