$PWR 2Q15 Q&A: Wittman of Robert W. Baird asked about pace of bidding on the electric side. Jim replied that the bidding activity is very strong, but it's different than what it was three or four years ago.
$COF's period-end loans held for investment for 1Q17 decreased 2% to $240.6Bil, while average loans held for investment increased less than 1% to $241.5Bil. Period-end total deposits rose 2% to $241.2Bil, while average deposits increased 3% to $238.6Bil.
$COF reported a 20% drop in 1Q17 earnings due to higher provision for credit losses and lower non-interest income. Net income fell to $810MM or $1.54 per share from $1.01Bil or $1.84 per share last year. Revenue grew 5% to $6.54Bil. Excluding item, EPS for the latest quarter was $1.75.
$T updated its 2017 guidance. Excluding impact of $TWC, the company sees adjusted EPS growth in the mid-single digit range. Capex is expected in the $22Bil range. It did not provide a revenue guidance due to unpredictability of wireless handset sales.
Telecommunications giant $T posted lower revenue and income in 1Q17, hurt by record-low equipment sales in wireless. Revenue was down 2.7% to $39.4Bil. Net income attributable to $T totaled $3.5Bil, or $0.56 per share, compared to $3.8Bil, or $0.61 per share in the year-ago quarter. On an adjusted basis, net income was $0.74 per share.