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$AMP 2Q15 PR: Ameriprise reported total net revenues of $3,128MM vs. $3,072MM in 2Q14 and net income of $415MM vs. $374MM in 2Q14. Operating earnings were $434MM vs. $408MM in 2Q14. Operating net revenues rose 2% to $3Bil. OpEx rose 3% to $2.4Bil. ROE excluding AOCI was 22.1%. Operating ROE excluding AOCI increased 180 bps to a record high 23.5%.
$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.