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During 2015, $BAC's provision for credit losses rose $886MM to $3.2Bil vs. 2014. The provision for credit losses was $1.2Bil lower than net charge-offs for 2015, resulting in a reduction in the allowance for credit losses. Looking into 2016, reserve releases are expected to decrease from 2015 levels.
$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.