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$BBT's average deposits for 3Q16 was $159.5Bil, down $835MM sequentially. Average noninterest-bearing deposits rose $1.8Bil, helped by increases in commercial balances. Average time deposits declined $2.3Bil, hurt by decreases in commercial and personal balances.
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.