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$USB's BoD has approved a 4-quarter authorization to repurchase up to $2.6Bil of outstanding stock, starting on July 1. This replaces the current 5-quarter authorization which expires on June 30. These capital actions allow the company to achieve its goal to return 60-80% of its earnings to shareholders through dividends and share buybacks.
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.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.