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$ZION 2Q15 Q&A: Ken of Morgan Stanley asked about high volatility CRE loans. Michael explained that there’re things that can be done contractually with borrower to preclude internally generated capital i.e. cash flow from coming out of a construction project. There are market considerations not to do that, but can be done to stem higher risk weight
$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!
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.