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$BAC's provision for credit losses for 2Q16 grew to $976MM from $780MM in the previous year quarter, due to a slower pace of improvement in the consumer portfolio. Net reserve release was $9MM, down from $288MM in 2Q15, as reserve releases in consumer were mostly offset by increased commercial reserves.
$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.