$DFS reported a net income of $564MM or $1.43 per diluted share for 1Q17, compared to $575MM or $1.35 per diluted share a year ago. Net interest income rose 8% to $1.89Bil. Net interest margin was 10.07%, up 13 basis points from the prior year. Total loans ended the quarter at $75.8Bil, up 8%.
$WYNN's profit climbed 34% in 1Q17, aided by the income from Wynn Palace resort and the increased income from Las Vegas Operations. Net income attributable grew to $100.8MM or $0.99 per share from $75.2MM or $0.74 per share a year ago. Net revenues surged 47.9% to $1.48Bil. Adjusted EPS was $1.24 versus $1.07 in the prior year quarter.
$CHRW's personnel expenses for 1Q17 grew 4.7% from last year. This was due to an increase in average headcount of 7.8%, partially offset by decreased expenses related to incentive plans that are designed to keep expenses variable with changes in net revenues and profitability.
At the separation of Alcoa Inc., $ARNC chose to retain a 19.9% stake
in Alcoa Corporation. In February 2017, $ARNC monetized approximately 64% of
the 36,311,767 shares it retained in Alcoa Corporation at a price of $38.03 per
share. The monetization resulted in $888MM in proceeds.
$CHRW reported a rise in 1Q17 earnings driven by lower provisions for income taxes. Net income rose to $122.1MM or $0.86 per share from $119MM or $0.83 per share last year. Revenue grew to $3.42Bil from $3.07Bil, on volume growth across all of its transportation services.