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In 2Q16, $FHN had a loan loss provision of $4MM as credit quality remains healthy. The company had a loan growth of 6% and deposit growth of 9% YoverY. In Regional Bank, avg. loan growth was 11% and deposit growth was 7% YoverY. Net interest income was up 7% YoverY largely driven by commercial loan growth.
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.