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Investment bank $MS reported a 14% drop in 2Q16 earnings due to lower revenue across its business segments. Net income fell to $1.43Bil or $0.75 per share from $1.67Bil or $0.85 per share last year. Net revenues declined by 9% to $8.91Bil. $MS said results reflected execution of its disciplined expense management strategy.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.