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$JPM 2Q15 Call – Marianne, CFO: We remain focused on our commitment to reduce expenses by $2Bil in 2017 relative to 2014, while continuing self fund investments in business. In 1H15 expenses were down approx. $0.5Bil, and our headcount down roughly 6,000 YTD. CBB generated net income of $831MM flat QonQ and down 8% YonY with ROE of 28%.
$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.