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Mortgage Earnings, Originations Up at Huntington

Quarterly home lending grew stronger at Huntington Bancshares Inc., while a quarter-over-quarter gain was recorded for mortgage earnings. The servicing portfolio, though, fell.

During the second quarter of this year, residential loan originations at the financial institution totaled 71 percent more than was originated during the previous three-month period.

Those details, along with other operational and financial performance metrics, were outlined by the Columbus, Ohio-based company in its second-quarter 2016 earnings report.

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From:: Financing

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Oil futures settle under $45 a barrel

Oil futures settled under $45 a barrel on Thursday as traders fretted over ample U.S. stocks of gasoline and a recent slowdown in domestic production declines. Losses in the last half hour of trading accelerated, following sharper losses in the stock market, said Phil Flynn, senior market analyst at Price Futures Group. “Also, talk that Libya might restart its export terminal,” took some support away from oil, he said. September WTI crude fell by $1, or 2.2%, to settle at $44.75 a barrel on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

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EBay’s stock soar to record high on heavy volume

Shares of EBay Inc. soared 11% to a record high in active afternoon trade Thursday, in the wake of the e-commerce company’s second-quarter results. Volume topped 30 million shares about two hours before the close, which was nearly triple the full-day average. EBay reported late Wednesday earnings and revenue that beat expectations and increased its stock buyback program. The stock reached an all-time intraday high of $30.31 earlier in the session, above the previous record of $29.82 on Dec. 1, 2015. EBay’s stock has now climbed 16% since it completed the spinoff of PayPal Holdings Inc. on July 6, 2015. PayPay shares have climbed 8.4% over the same time, while the S&P 500 has gained 4.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

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Gold settles higher to recoup much of previous day’s losses

Gold futures settled higher Thursday to recoup much of what they lost in the previous session, when prices finished at their lowest level in about three weeks. Some weakness in the U.S. dollar and stock market helped to draw investors to the precious metal. Gold for August delivery rose $11.70, or 0.9%, to settle at $1,331 an ounce, rebounding from Wednesday’s loss of 1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

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Citizens’ Home Lending Jumps, Headed Higher

Residential loan originations improved from the prior and year-earlier quarters at Citizens Financial Group Inc. and could ascend even higher.

In the three months that ended on June 30, home-lending activity moved 42 percent higher compared to the first quarter of this year.

That was according to the Providence, Rhode Island-based financial institution’s second-quarter 2016 earnings report released on Thursday.

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From:: Financing

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BB&T Mortgage Originations Skyrocket, Servicing Up

Quarterly mortgage originations surged at BB&T Corp. In addition, the residential servicing and investment portfolios grew, quarterly earnings improved, and staff ranks swelled.

From April 1 to June 30, the financial institution closed 56 percent more in new home loans than was originated during the first three months of this year.

This information, along with other operational and financial statistics, was unveiled in the Winston-Salem, North Carolina-based company’s second-quarter 2016 earnings report.

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From:: Financing