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Atlanta, Georgia-based bank holding company $STI posted 4Q15 net income available to common shareholders of $467MM or $0.91 per average common diluted share versus $378MM or $0.72 in 4Q14. For 2015, earnings grew 11% to $3.58 per share compared to $3.23 per share in 2014, which was driven by improved credit quality and efficiency.
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.