$BID said it expects 3Q16 to be weak, as the results of the London summer Contemporary sales were included in 3Q15, but will not be in 3Q16. The company also stated that it expects 4Q16 to be much better.
$TXN said that Analog was up 10% YoverY, while HVAL was flat. The company added that the reason for this was that looking at YoverY by end market, personal electronics was down slightly due to mobile phones. However, backing out mobile phones, personal electronics was up slightly.
$DFS' total net charge-off rate, excluding acquired loans, was
2.24% in 2016, up 12BP from 2015. Personal loans had originations of $4Bil, an
increase of 31% over the prior year. Growth in originations was largely fueled
by product enhancements and strong execution.
$COF believes that it will deliver solid EPS growth in 2017 due to the strong growth over the last two years, assuming no substantial change in the broader credit and economic cycles. The company expects revenue to grow and drive growth in pre-provision earnings.