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John Pancari of Evercore ISI questions about the overall revenue trend to be expected in the payments business. COO Andy Cecere said that credit card is very strong. He also stated that excluding Fidelity, $USB is up about 6%, driven by card transaction volume growth of about 7%. The company expects this trend to continue in the future quarters.
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.