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$STI 2Q15 PR: Net income for the quarter was $483MM, increased nearly 12.5% from prior quarter. Total revenues were $2,077MM, increased 4% compared to the prior quarter due to higher net interest income & broad-based growth in fee income. Net interest income grew 2% sequentially due to a 3BP increase in the net interest margin & one additional day.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.