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$PACW, holding company for Pacific Western Bank, reported a fall in 2Q16 earnings due to rise in non-interest expenses, and higher income tax. Net income fell to $82.17MM or $0.68 per share from $85.08MM or $0.83 per share last year. Net interest income grew to $233.76MM from $202.55MM and non-interest income rose to $22.12MM from $19.62MM.
$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.