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3Q15 credit card balances of $WFC was up $4Bil or 14% from 3Q14. Net interest income was up $516MM or 5% YoverY. NIM was down 1 BP sequentially; expects to grow net interest income over the long term. Mortgage banking revenue was down $116MM sequentially and origination volume of $55Bil was down 11%.
$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.