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$PNC said its capital plan has been accepted by Board of Governors of the Federal Reserve System. The plan included an increase in quarterly dividend by 7.8% to $0.55 per share in 3Q16 and repurchase programs of up to $2Bil for the 4-quarter period starting in 3Q16, including repurchase of up to $200MM related to employee benefit plans.
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.