Wuerth While Wily Wakenings: US Fed Low-Interest-Rate Policy Huge Beneficiary PennyMac Financial Services Total Pretax Earnings Increased By 398% in the 9 Months Ended Sept 2020, Due Predominately to Their Net Gains on Mortgage Loans Held For Sale at Fair Value Increasing From $468 Mil in the Prior Year 9 Months to a Massive $1.882 Bil in the 9 Months Ended Sept 2020, an Increase of 302%. On the Other Hand, the Other 5 Largest City of Westlake Village, CA Cos Total Pretax Earnings Declined By 123%.

Wednesday, November 25, 2020

US Fed Low-Interest-Rate Policy Huge Beneficiary PennyMac Financial Services Total Pretax Earnings Increased By 398% in the 9 Months Ended Sept 2020, Due Predominately to Their Net Gains on Mortgage Loans Held For Sale at Fair Value Increasing From $468 Mil in the Prior Year 9 Months to a Massive $1.882 Bil in the 9 Months Ended Sept 2020, an Increase of 302%. On the Other Hand, the Other 5 Largest City of Westlake Village, CA Cos Total Pretax Earnings Declined By 123%.

From a review of Company SEC filings and the Google Finance website, there were 6 City of Westlake Village, California Headquartered Companies with stock market caps of above $100 mil recently that have September 2020 quarter ends and that have already reported their September 2020 Quarterly Earnings to the SEC by Monday, November 23, 2020.

The table below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the September quarter ends, for the June quarter ends and for the March quarter ends of both 2020 and 2019 for each of these 6 City of Westlake Village, California Companies.