Want to join the conversation?
$PNC's effective income tax rate for 1Q16 was 23.5% vs. 24.4% in 1Q15. This was lower than the statutory rate primarily due to tax credits $PNC receives from its investments in low income housing and new markets investments, as well as earnings in other tax exempt investments. Full-year 2016 effective tax rate is expected to be approx. 25%.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.