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$SYF said that it delivered on the efficiency ratio guidance of below 34% for the year. The company's expenses were $870MM for 4Q15, driven by $GE separation-related costs, business growth & IT investments related to the digital & mobile capabilities. Employee costs were up $58MM after the $GE separation, while professional fees were up $26MM.
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.