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Credit card issuer and bank $COF reported a rise in 2Q16 earnings driven by lower operating expenses as well as a 10% growth in net revenues. Net income rose to $942MM or $1.69 per share from $863Bil or $1.50 per share last year. Revenue grew to $6.25Bil from $5.67Bil, on strong growth in Domestic Card business.
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.