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$JPM said that 2Q16 revenue of $25.2Bil was up $700MM YonY on higher net interest income. For the full year, the company expects NII to be up more than $2Bil guided at Investor Day, despite headwinds from a flatter yield curve. Non-interest revenue was flat YonY with an increase in market revenues. Adjusted expense was $14.1Bil, down $140MM.
$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.