The KUIK Closing Market Report for Thursday, May 29: |
Markets ended up. |
Direction |
Change |
Units |
Last |
Time |
Change |
Dow |
Up |
(42) |
points |
16,633 |
6:43 AM |
S&P500 |
Up |
-0.1% |
percent |
1,910 |
5.08 |
Nasdaq Composite |
Up |
-0.3% |
percent |
4,225 |
15.40 |
30 Year Treasury |
Down |
(8) |
Basis Points |
3.29 |
Annual Yield |
In the first quarter, banks’ noninterest income from the sale, securitization and servicing of 1-to-4-family home mortgages fell to $3.5 billion lowest level since the second quarter of 2011 down more than 50% from $7.5 billion in the first quarter of 2013. |
Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. |
http://blogs.marketwatch.com/capitolreport/2014/05/28/mortgages-drag-down-bank-earnings-in-first-quarter-fdic/ |
For today’s Closing Market Report click to listen-> |
|