Q2 Beats for BofA and Morgan Stanley, Dow Aims for 7-Day Win Streak, June Retail Sales Miss 7/18/23
Squawk on the Street
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The High Watermark of Activision Blizzard
Mike Mayo, longtime analyst at Wells on Morgan Stanley. A beat, mixed bag in the quarter, slightly better than expected revenue versus what had been lowered expectations. For expenses, we know it's because of a severance. The severances were good. M&A typically next, additionally corporates are receiving increased clarity on the regulatory front.
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