The housing giant reported a $4.6 billion profit in the second quarter, for its second largest ever.
Mortgage default rates saw record declines in the first quarter and should continue to drop as the housing market improves.
The underlying fundamentals behind the housing recovery are improving, with the job market stimulating housing demand.
An acquisition of GE's $31 billion private card portfolio could catapult Citi to the No. 1 position in U.S. partner cards.
The legendary investor says James Dimon should remain CEO and Chairman of JPMorgan, but that thinking does not apply to Berkshire Hathaway.
Rising home prices are pulling more borrowers from underwater, reducing the probability of future defaults.
Strategic defaults may be a problem in a rising housing market, according to Amherst Securities analyst Laurie Goodman.
Real Money contributor Doug Kass, the annointed bear at the Berkshire Hathaway annual meeting, says he has unearthed spicy research.
The financial industry has accounted for the biggest share of job cuts announced so far in 2013.
President Obama is expected to nominate a new director for the FHFA, which could pave the way for greater mortgage principal reductions.