J.G. Wentworth (JGW) Tops Q2 EPS by 21c
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The J.G. Wentworth Company® Reports Second Quarter 2015 Results Recently Closed Mortgage Acquisition Expected to be Accretive to Future Earnings Company Launches a Full Marketplace Platform as Part o
August 5, 2015 7:18 PM EDTRADNOR, Pa.--(BUSINESS WIRE)-- The J.G. Wentworth Company® (J.G. Wentworth or the Company) (NYSE: JGW), a diversified consumer financial services company specializing in structured settlement payment purchasing, home lending, prepaid cards, and loan options through a marketplace platform, today reported financial results for the second quarter of 2015. From an operating perspective the business produced another consistent quarter with TRB purchases of $263 million, in-line with the previous three quarters. We are disappointed with the bottom line results that were heavily impacted by the interest rate environment which led to a rapid... More
