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$WFC 2Q15 Call: On the energy portfolio shrinkage, I would describe the reduction in principle balance as borrowers taking their balance down just to conform with their borrowing base reduction, and that was about $700MM of reduction in 2Q. We don’t anticipate loan balances to be terribly brisk leading to higher outstanding at WFC in 2H15.
$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.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!