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$USB 2Q15 Call – Richard Davis, CEO: Return on average assets was 1.46% and return on average common equity was 14.3%. Net interest margin was 3.03%. Efficiency ratio was 53.25, lower than in 1Q15 and expects this to remain in low-50s going forward. Total net revenue was $5Bil, down 2.8% from 2Q14. Residential mortgages declined 1.4% YoverY.
$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.