$SYK 2Q15 Q&A: Bob Hopkins from BoA asked about operating margin leverage, and Kevin replied as, that comment Bob was specifically on our SG&A component, & we wanted to just make that clear, because we're making some nice reductions within that area currently. And you can tell that as being masked by couple of things & we wanted to highlight that.
$ETFC distributed $125MM up to the parent during 3Q16, including $85MM from the brokers and $40MM from the bank, which was below 2Q16 bank net income of $106MM. In connection with the merger of its clearing and securities entities, the company intends to distribute about $100MM to the parent in 4Q16.
$KLAC expects Q2 shipments to be in the range of $800-880MM. Revenue is expected to grow about 11% sequentially to a range of $805-865MM, with GAAP diluted earnings in the range of $1.26-$1.46 per share.
$PYPL increased the number of active customers and accelerated
their engagement on its platform during 3Q16. The company finished 3Q16 with
192MM active customer accounts, adding 19MM new accounts in the past 12 months.
Transactions per account reached 30. In 3Q16, $PYPL processed over $87Bil in
total payment volume (TPV).
$ETFC's net interest margin of 259 BPs fell mainly due to faster prepayment speeds on the securities portfolio, continued run-off of higher yielding of the legacy loan portfolio and an unfavorable shift in margin balances to lower price tiers. Full year 2016 net interest margin is expected to be 260-265 BPs, with 4Q16 in the mid-250s.