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$WFC said that Brexit added to global economic uncertainty that could result in rates remaining lower longer than expected. This puts pressure on reinvestment opportunities. When comparing to its rivals, $WFC is expected to be less impacted directly on long-term business drivers. The company believes real GDP grew at 2.5% rate in 2Q16 vs. 1Q16.
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.