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Banking and financial services holding company $JPM said 1Q16 results included $773MM of wholesale credit costs. Of this $529MM related to oil and gas reserves and $162MM related to metals and mining reserves, which were in line with the company's guidance. $JPM stated it experienced some charge-offs in these sectors in 1Q16 totaling $48MM.
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.