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>> JPMORGAN CHASE Latest News

JUL 12, 2013 - Yahoo! News

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Analysis: Banks face profit lull as mortgage boom fizzles

By Peter Rudegeair (Reuters) - Unexpectedly large quarterly profits at JPMorgan Chase & Co and Wells Fargo & Co hide a more worrisome forecast for the rest of the year for many U.S. banks. Things could get worse before they get any better. Wells Fargo's profit was buoyed in the second quarter by consumers rushing to refinance their mortgages and buy new homes, driven by record low interest rates and a recovering housing market. ...

Tags: Analysis: Banks face profit lull as mortgage boom fizzles,  Jpmorgan Chase Latest News