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Financial services firm $SCHW reported a 36% jump in 1Q16 earnings driven by higher asset management and administrative fees and a jump in interest revenue. Net income rose to $412MM or $0.29 per share from $302MM or $0.22 per share last year. Revenues grew by 16% to $1.76Bil.
$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.