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$DFS 2Q15 Call: For the quarter our total company efficiency ratio was 42.5%. We continue to expect that OpEx will decrease in 2016. Provision for loan losses was lower by $54MM vs. 2Q14. This quarter, we reduced reserves by $41MM. Credit card net chargeoff rate decreased by 12 BPs from prior quarter and by 5 BPs YoverY, to 2.28%.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!