Flagstar Bancorp issues higher-than-expected Q2 profit guidance
Flagstar Bancorp, Inc. (NYSE:FBC) is up 11% after reporting early Monday that it expects second-quarter net income of $15.7 million, or $0.22 per share, which tops Wall Street’s estimate of losing $0.02 per share. Flagstar, one of the largest savings and loans banks in the Midwest, is currently trading at its highest level since late June.
In Monday morning trading, FBC is up 11.27%, or $0.32, to $3.16. For detailed price information and recent news stories about Flagstar Bancorp, click FBC.
