Want to join the conversation?
$RF's grew total loans during 2015 by $3.9Bil or 5% compared to 2014. Loan growth was led by commercial and industrial portfolio which increased $3.1Bil in 2015 and residential mortgage portfolio which grew $496MM in 2015. $RF had growth in all of its portfolios excluding owner-occupied commercial real estate and commercial investor real estate.
Apple ($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%."