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Financial holding company $JPM had net income of $5.5Bil or $1.35 per share in 1Q16, down 7% from 1Q15. The firm reported an ROE of 9%. Total net revenue was $23.2Bil, down 3% compared with the prior year primarily reflecting the impact of the challenging market environment on the results of the CIB and AM.
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.