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$STI's trading income fell 33% compared to 3Q14. The decrease was driven by pricing pressure and lower client activity resulting from wider credit spreads and increased market volatility. $STI's 3Q15 average earning assets rose 3% YoverY mainly driven by a $2.4Bil or 10% increase in avg. securities AFS and a $2.1Bil increase in average loans.
Apple ($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%."