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$CBSH's net loan charge-offs for 2Q16 fell to $7.5MM from $8.8MM in both the previous quarter and 2Q15. The decrease net loan charge-offs compared to last quarter was largely due to increased commercial loan recoveries, especially in construction and business real estate loans, offset by slightly higher personal banking loan net losses.
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.