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$NAVI's FELP segment NIM improved to 85 BPs in 2Q16, at the high end of outlook. Company hedged an additional $205MM of core income in the quarter, bringing future hedged core income to $1.1Bil. For 2016, FELP NIM is expected to be in low to mid 80s. In 2Q16, $NAVI issued 3 FFELP asset-backed securities of $1.8Bil in bonds.
$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!