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With government efforts "pushing revenue" to the banks, look for their Q2 results to be...
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Thursday, July 5, 2012, 12:32 PM ETWith government efforts "pushing revenue" to the banks, look for their Q2 results to be buoyed by mortgage refinancing fees. Additionally, banks are profiting from strong gain on sale margins - the spread between the funding price and what they sell it to Frannie for. Among the large banks, Wells Fargo (WFC) is the purest play on the refinance boom.
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