Mortgages may be a bright spot for U.S. bank results in Q1

April 10, 2015 5:00 AM

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NEW YORK, April 10 (Reuters) - U.S. bank earnings likely got a lift from mortgage lending in the first quarter, as lower rates spurred a surge in applications to refinance home loans, one of several glimmers of hope for a sector that has lately struggled with weak growth.

For the biggest U.S. banks, there were likely other boosts in the first quarter, including higher bond trading and underwriting revenue. The big banks start reporting earnings for the quarter next week, beginning with JPMorgan Chase & Co and Wells Fargo & Co on Tuesday.

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