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Banking company $BK said in 1Q16, operating earnings, adjusted for litigation and restructuring charges, was $0.74 per share, up 10% from 1Q15. Net interest revenue rose 5%. Total expenses were down 3% driven by business improvement processes. $BK generated about 250BP of positive operating leverage and pretax operating margin was 31%.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.