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$BEN said 1Q16 asset-based distribution fees decreased $70.6MM from 1Q15, primarily due to decrease of $65.5MM from a 13% decrease in the average AUM. Sales-based fees decreased $45.6MM, primarily due to a 33% decrease in total commissionable sales. Commissionable sales represented 9% of total sales for 1Q16.
$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.