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Financial services giant $BBT posted higher 1Q16 net income of $570MM or $0.67 per diluted share vs. $547MM or $0.67 per diluted share in 1Q15. Total revenues rose 10.2% to $2.6Bil vs. 1Q15, helped by $221MM increase in taxable-equivalent net interest income, largely due to 2015 acquisitions, while non-interest income was up $19MM.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."