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John Pancari of Evercore asks about expense management. $PNC said the investments being made in technology is helping to take costs out of back-office and processing. $PNC believes that long-term expense savings come through structural change in the company and it will work through this over the coming years without slowing down on investments.
$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.