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$MTB's non-interest income for 2Q16 fell to $448MM from $497MM in the previous year quarter. The 2Q15 non-interest income reflected a $45MM pre-tax gain realized from the April 2015 sale of the trade processing business within the retirement services division. After considering impact of that gain, non-interest income was little changed.
$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.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
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.