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Tim Hayes of FBR asks about $USB's mortgage revenues in 2H16 and whether the company is seeing any pickup in refis. COO Andy Cecere replied that 2Q16 mix was about 65% new purchases and 35% refinancings and the company expects it to go closer to 60%-40% in 2H16. He added that $USB expects mortgage fees to continue to increase in the 20-30% range.
$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.