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$BBT 2Q15 Call - Daryl, CFO: Our fee income producing businesses had a strong quarter, with fee income ratio increasing to 46.3%. Total fee income was $1Bil, up $22MM compared 1Q15. But overall, fee income for third quarter is expected to be flat-to-down 2%. In fourth quarter, fee income is expected to increase 3-5% both versus second quarter.
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.