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Owner of the largest credit rater $MHFI posted lower 1Q16 net income of $294MM or $1.10 per diluted share vs. $303MM or $1.10 per diluted share in 1Q15. Adjusted diluted EPS rose 8% to $1.20. Revenue rose 5% to $1.34Bil vs. $1.27Bil in 1Q15, helped by higher revenue in Market Intelligence, S&P Dow Jones Indices and Commodities & Commercial Markets.
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.