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$JPM's Commercial Banking segment posted 2Q16 net income of nearly $700MM on revenue of $1.8Bil and an ROE of 16%. IB revenue rebounded from 1Q16, up 23% sequentially and flat YonY. The company continued to see strong momentum in loan growth, with average loan balances up 13% YonY. C&I loans were up 9% for the quarter.
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.