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$RF 2Q15 Call: Deposits costs remain new historical low levels at 11 bps. Total funding costs were 25 bps. Non-interest income grew $120MM, incl. $90MM related to insurance proceeds. Capital markets grew fees by $7MM QoverQ. Commercial credit fee income grew $5MM vs. 1Q15, due to reclassification from net interest income. Service charges grew 4%.
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.