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Wealth management firm $NTRS reported a decline in 2Q16 earnings due to higher non-interest expense despite a 5% rise in total revenue. Net income slid to $260.7MM or $1.09 per share from $269.2MM or $1.10 per share last year. Revenue grew to $1.32Bil from $1.26Bil. Non-interest income rose by 1% and net interest income grew by 19%.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.