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During 2Q16, $OZRK's net interest income was a record $119MM, helped by good growth in average earning assets, namely the growth in non-purchased loans and leases. This robust growth more than offset the 10 BP reduction in net interest margin, from 4.92% in 1Q16 to 4.82% in 2Q16. Due to this, net interest income rose $6.5MM in 2Q16 vs. 1Q16.
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.