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In a process of improving the companyâ??s balance sheet, $ETFC is eliminating all of its $4.4Bil of high-cost wholesale funding, thus creating capacity to take on low-cost deposits. In this regard, ETFC will take a pre-tax charge of about $410MM in 3Q15. Given the expected loss, there will be no dividend from the bank to the parent in 4Q15.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.