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$CMA expects its GEAR Up efficiency and revenue initiative to drive pretax income of approx. $180MM in 2017 and $270MM in 2018. Total restructuring charges are estimated to be $140-160MM. The company is consolidating 38 banking centers or about 8% of its network. $CMA expects these consolidations to result in $10-13MM per annum in savings.
$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.