Weekly profile.
WEEKLY PROFILE
COUNTRYWIDE FINANCIAL CORP. (CFC)
Business Overview
Countrywide Financial Corp. (Countrywide), incorporated on Feb.6, 1987,
through its subsidiaries, is engaged in mortgage lending and other
real estate finance-related businesses, including mortgage banking,
banking and mortgage warehouse lending, dealing in securities and
insurance underwriting. The company operates in five segments: mortgage
banking, which originates, purchases, sells and services non-commercial
mortgage loans; banking, which takes deposits and invest in mortgage
loans and home equity lines of credit; capital markets, which operates
an institutional broker-dealer that primarily specializes in trading
and underwriting mortgage-backed securities; insurance, which offers
property, casualty, life and disability insurance as an underwriter
and as an insurance agency, and global operations, which licenses
technology to mortgage lenders in the United Kingdom.
Income Statement LTM * 2006 **
Revenue (billions) $21.6 $20.8
Operating Inc.ome (billions) 3.39 4.33
Net Income (billions) 2.19 2.67
EPS $3.57 $4.30
Income Statement Summary
Revenue (billions) Headquarters: Calabasas
Operating Inc.ome (billions) Market Cap: $17.8 billion
Net Income (billions) Dividend Yield: 2.0%
EPS P/E Ratio: 8.42
* Latest Twelve Months Ending 6/2007 ** Fiscal Year Ending 12/2006
COPYRIGHT 2007 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.
|
Reader Opinion