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$BLK 2Q15 Q&A Update – Gary, CFO: On revenue yield, fee rates are constantly changing for us. As we continue to see stronger growth in our higher fee retail and iShares businesses which carry higher fee rates on an organic basis; & nothing else changes in the world. We would expect the overall fee rate to be accretive for us.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.