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Investment management company $BLK posted higher 3Q16 results, helped by margin improvements and cost control. $BLK said net income rose 3.79% to $875MM or $5.26 per share from $843MM or $5 per share a year ago. Revenue for the quarter fell 2.5% to $2.84Bil. Excluding items, $BLK earned $5.14 per share, up 3% YoverY.
What will be an ideal EPS range for $PZZA in its earnings today?
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.