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Retail banking giant $WFC reported a 7% drop in 1Q16 earnings as last year results included discrete tax benefit and higher non-interest expenses. Net income slid to $5.09Bil or $0.99 per share from $5.46Bil or $1.04 per share last year. Revenue grew to $22.2Bil from $21.3Bil.
$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.