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$WFC's net loan charge-offs as a percentage of average loans of 0.39% reflected commercial losses of 0.29% and consumer losses of 0.49%. Credit losses rose to $924MM in 2Q16 from $886MM in 1Q16, on $59MM higher oil and gas portfolio losses. Consumer losses fell $82MM, on a decline in consumer real estate losses and fall in automobile losses.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!