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$BBT 2Q15 Call – Kelly, Chairman: We did have positive income tax adjustments of $0.15 on an after-tax basis. We did extinguish about $1Bil of Federal Home loan bank debt, which had $0.15 negative EPS impact. We did have a non-cash loss on sale of American Coastal of $0.05 and $0.02 in merger-related restructuring charges.
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.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.