Want to join the conversation?
$NTRS' provision for credit losses was $2MM in 1Q16, as compared to a credit provision of $4.5MM in 1Q15. Net charge-offs were $2.7MM, resulting from charge-offs of $5.3MM and recoveries of $2.6MM. Residential real estate loans and commercial loans accounted for 66% and 25%, respectively, of total nonperforming loans and leases at March 31, 2016.
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.