Want to join the conversation?
Minneapolis, Minnesota-based banking giant $USB reported lower profits for 4Q15 due to higher provision for credit losses & lower noninterest income, impacted by the 2014 Nuveen gain. Earnings fell 0.8% to $1,476MM, or $0.80 per diluted share, compared to $1,488MM or $0.79 per diluted share a year ago. Revenue grew 0.8% to $5,211MM 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.