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New York-based $JPM posted 1Q16 net income of $5.5Bil, down 7% from last year. EPS was $1.35 as compared to $1.45 in 1Q15. Net revenue fell 3% to $24.1Bil in the quarter. Noninterest revenue was $12.4Bil, down $1.5Bil, mainly due to the market environment impacting the results of the Corporate & Investment Bank and Asset Management.
$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.