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$AXP's consolidated provisions for losses were $504MM in 3Q16, down 5% from $529MM a year ago. The prior year included credit costs associated with cobrand portfolios that were sold earlier in 2016. Excluding the impact of the cobrand portfolios, adjusted provisions for losses increased 6%, mainly reflecting higher loan growth.
$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.