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$DFS 2Q15 Call: For the quarter our total company efficiency ratio was 42.5%. We continue to expect that OpEx will decrease in 2016. Provision for loan losses was lower by $54MM vs. 2Q14. This quarter, we reduced reserves by $41MM. Credit card net chargeoff rate decreased by 12 BPs from prior quarter and by 5 BPs YoverY, to 2.28%.
$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!