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Banking service and lending company $BANC reported a jump in 3Q16 earnings driven by strong credit discipline and growing earnings power of its franchise. Net income rose to $35.94MM or $0.59 per share from $14.54MM or $0.29 per share last year. Net interest income climbed 56.5% to $86.96MM and non-interest income grew 47% to $74.63MM.
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.