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The nation's second-largest bank $BAC reported a decline in 2Q16 earnings due to negative impact for market-related NII adjustments and negative net debit valuation adjustments. Net income fell to $3.87Bil or $0.36 per share from $4.8Bil or $0.43 per share last year. Total revenue declined to $20.4Bil from $21.96Bil.
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.