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Erika Najarian of Bank of America asks how the company feels looking forward about potentially continuing to push on the 30% implicit dividend ceiling. $WFC CEO John Stumpf said it is hard to comment as the company is in the middle of the Comprehensive Capital Analysis and Review (CCAR) cycle.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.