A mortgage-refinancing boom that helped fuel a surge in bank profits is fizzling,a sign of worsening health for the financial sector and the U.S. economy.
讓銀行利潤大增的抵押貸款再融資潮正在消退,這是金融機構(gòu)和美國經(jīng)濟健康狀況變化的信號。(美國《華爾街日報》)
抵押貸款再融資潮的消退可以從美國銀行最新公布的財務(wù)報告中找到痕跡。
JPMorgan Chase and Wells Fargo,two of the biggest US banks by assets,kicked off Wall Street’s earnings season on Friday by reporting record profits thanks to cost-cutting and lower provisions for potentially bad loans.
美國兩家資產(chǎn)額最大的銀行摩根大通和富國銀行,上周五以創(chuàng)紀錄的利潤額啟動了華爾街一季度財報的公布。然而,這兩家銀行的利潤大增得益于削減成本及對潛在壞賬的較低撥備。(美國《赫芬頓郵報》)
這兩家銀行利潤的增加并非由其核心的抵押貸款業(yè)務(wù)利潤的增加帶動,這令人失望。
JPMorgan Chase,based in New York,earned$6.5 billion,or $1.59 a share,for the three-month period that ended March 31,up from $4.9 billion,or $1.19 a share,a year earlier. Analysts had expected $1.39. Revenue fell to $25.8 billion from $26.8 billion a year earlier.
總部在紐約的摩根大通到3月31日為止的第一季度賺了65億美元,每股利潤達到1.59美元,高于一年前的利潤49億美元及每股利潤1.19美元。分析員們曾預(yù)計其每股利潤為1.39美元。但是該行的收入從一年前的268億美元下跌到258億美元。(美國《洛杉磯時報》)
摩根大通的凈利潤大增33%,但總收入?yún)s下跌了4%左右。富國銀行賺了51.7億美元,一年前利潤為42.5億美元,增長了22%。但該行收入從216億美元下跌到213億美元,也下跌了1.75%。
因此,兩家銀行都存在同一個問題,即利潤總額上升,但總收入下跌。
Mortgage refinancing had been one bright spot in recent quarters. The mortgage-banking operations of U.S. banks and thrifts reported profits of $31.9 billion last year,about six times the amount notched in 2011 and the largest total in at least a decade,according to mortgage tracker Inside Mortgage Finance.
抵押貸款再融資曾經(jīng)是最近幾個季度的亮點。根據(jù)跟蹤抵押貸款業(yè)務(wù)的美國房貸金融內(nèi)參的統(tǒng)計,去年美國銀行的抵押貸款銀行業(yè)務(wù)利潤達到319億美元,是2011年的6倍,為至少10年來的最大規(guī)模。(美國《華爾街日報》)
現(xiàn)在這一步伐已經(jīng)開始放慢。美國最大的住房抵押貸款銀行富國銀行的抵押貸款下跌了2.7%,第二大住房抵押貸款銀行摩根大通該業(yè)務(wù)利潤跌掉了31%。
JPMorgan Chase said its investment banking and asset management earnings were up,and its set-asides to cover litigation,much of it stemming from bad loans from the housing bust,were down.
摩根大通稱,其投行業(yè)務(wù)和資產(chǎn)管理收入在上升,該公司對于大部分來自房地產(chǎn)泡沫破裂而引發(fā)的官司的撥備在減少。(美國《洛杉磯時報》)
該公司投資銀行業(yè)務(wù)業(yè)績表現(xiàn)出色,同時公司支出下降、信貸資產(chǎn)質(zhì)量上升。第一財季業(yè)績中計入與信用卡貸款損失撥備下降以及房屋抵押貸款損失撥備下降相關(guān)的每股18美分凈利得。上年同期業(yè)績則計入與訴訟成本以及該行債務(wù)價值變動相關(guān)的每股8美分凈損失。
Wells Fargo reported its mortgage banking noninterest income totaled $2.79 billion,down 2.6% from a year earlier. Home lending originations were down at $109 billion,compared with $125 billion in the prior quarter. Applications dropped to $140 billion from $152 billion in the prior quarter. The bank reported a net interest margin-the profit margin between lending and investing-of 3.48% versus 3.91% a year earlier and 3.56% in the fourth quarter.But noninterest expense dropped 5.7% to $7.34 billion.
富國銀行的抵押貸款非利息收入為27.9億美元,比一年前下跌2.6%。住房貸款下跌到1090億美元,前一季度為1250億美元。貸款申請從前一季度的1520億美元下跌到1400億美元。該行的凈利差幅度為3.48%,而一年前為3.91%,第四季度為3.56%。但是非利息開支下跌了5.7%,為73.4億美元。(Fox Business)
在其它銀行從抵押貸款業(yè)務(wù)中撤退之時,富國銀行一躍成為抵押貸款業(yè)務(wù)的領(lǐng)頭羊。但該行目前已經(jīng)連續(xù)兩個季度住房抵押貸款下跌。在利率非常低的情況下,幾乎沒有借款人進行再融資。
不過,兩家銀行CEO均表示,美國房地產(chǎn)市場仍在走向強勁。似乎,他們對房地產(chǎn)業(yè)務(wù)并未完全失去信心。