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Bank of America analyst Erika Najarian questions $WFC what its strongest levers are for backing EPS growth if flatter yield curve persists & there are no rate hikes from the Fed. CFO John Shrewsberry says that if rates are going to remain lower, $WFC will work hard at earning asset growth. Since loan portfolio is growing, $WFC is growing allowance.
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.