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$FITB's net charge-offs were $96MM or 42 BP in 1Q16 vs. $80MM & 34 BP in 4Q15, and $91MM & 41 BP in 1Q15. The sequential increase was due to a $16MM increase in C&I net charge-offs. Of the total net charge-offs, $9MM was in energy. Non-performing loans, excluding loans held for sale, rose $195MM vs. 4Q15 to $701MM, resulting in NPL ratio of 75 BP.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$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?