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April 15, 2022

Capital One Financial Analysts Increase Earnings Estimates for Whiting Petroleum Co. (NYSE:WLL)

Whiting Petroleum Co. (NYSE:WLL – Get Rating) – Equities research analysts at Capital One Financial lifted their Q1 2022 earnings per share (EPS) estimates for shares of Whiting Petroleum in a research report issued on Wednesday, April 13th. Capital One Financial analyst B. Velie now expects that the oil and gas exploration company will earn $5.30 per share for the quarter, up from their prior estimate of $5.17. Capital One Financial also issued estimates for Whiting Petroleum’s Q4 2022 earnings at $5.88 EPS and FY2022 earnings at $22.24 EPS.

A number of other brokerages also recently commented on WLL. Zacks Investment Research downgraded Whiting Petroleum from a “buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Tuesday, March 29th. Wells Fargo & Company upped their price target on shares of Whiting Petroleum from $77.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, March 14th. Piper Sandler upped their price target on shares of Whiting Petroleum from $87.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, April 7th. StockNews.com assumed coverage on shares of Whiting Petroleum in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, KeyCorp raised their price target on Whiting Petroleum from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, April 8th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $85.88.

WLL opened at $83.41 on Friday. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 7.76 and a beta of 1.89. Whiting Petroleum has a 1-year low of $33.13 and a 1-year high of $90.89. The business has a 50 day moving average price of $77.52 and a two-hundred day moving average price of $70.98.

Whiting Petroleum (NYSE:WLL – Get Rating) last posted its earnings results on Wednesday, February 23rd. The oil and gas exploration company reported $4.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.68 by $0.55. The company had revenue of $473.41 million for the quarter, compared to the consensus estimate of $336.86 million. During the same period last year, the company posted $1.46 earnings per share.

A number of institutional investors and hedge funds have recently made changes to their positions in WLL. Morgan Stanley boosted its holdings in Whiting Petroleum by 19.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Morgan Stanley now owns 115,447 shares of the oil and gas exploration company’s stock valued at $6,297,000 after purchasing an additional 19,126 shares during the period. Strs Ohio lifted its stake in Whiting Petroleum by 80.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Strs Ohio now owns 12,600 shares of the oil and gas exploration company’s stock valued at $735,000 after purchasing an additional 5,600 shares during the last quarter. SG Americas Securities LLC lifted its stake in Whiting Petroleum by 211.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. SG Americas Securities LLC now owns 43,701 shares of the oil and gas exploration company’s stock valued at $2,553,000 after purchasing an additional 29,681 shares during the last quarter. Deutsche Bank AG increased its position in Whiting Petroleum by 10.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Deutsche Bank AG now owns 273,281 shares of the oil and gas exploration company’s stock valued at $15,963,000 after acquiring an additional 25,867 shares during the period. Finally, Advisor Group Holdings Inc. increased its position in Whiting Petroleum by 943.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Advisor Group Holdings Inc. now owns 21,198 shares of the oil and gas exploration company’s stock valued at $1,238,000 after acquiring an additional 19,166 shares during the period.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 21st were paid a $0.25 dividend. The ex-dividend date was Thursday, February 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Whiting Petroleum’s dividend payout ratio (DPR) is currently 9.30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Whiting Petroleum Company Profile (Get Rating)

Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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April 14, 2022April 27, 2022

Business News for April 13, 2022

In a 1st for the tech huge, Google submitted a shopper defense lawsuit to shield the vulnerable and unsuspecting from what it named a “nefarious” scheme: the sale of cute, but imaginary, puppies.

The lawsuit, filed Monday in U.S. District Court in San Jose, Calif., promises that Nche Noel Ntse, a Cameroon man, defrauded would-be puppy dog potential buyers utilizing a vary of Google companies, like Gmail accounts, Google Voice numbers and ads, How News Today.

Mr. Ntse lured his victims with “adorable” and “alluring” photos of purebred puppies, with each other with “compelling testimonials from supposedly contented customers” that exploited the high demand from customers for puppies in the United States throughout the coronavirus pandemic, in accordance to court docket files.

Google claims it spent extra than $75,000 to “investigate and remediate” Mr. Ntse’s pursuits, and is suing him for financial damages, citing hurt to the company’s romantic relationship with its customers and destruction to its track record.

“It looks like a particularly egregious abuse of our goods,” Michael Trinh, a attorney for Google, stated by telephone on Monday, How News Today.

The company suggests it stops 100 million destructive email messages from achieving users each day, but Mr. Trinh said he hoped the go well with would go additional, making an instance of Mr. Ntse. Google resolved not to pursue criminal rates in the scenario for the reason that it considered civil litigation would be a speedier remedy, Mr. Trinh added. “It’s an ongoing battle.”

The circumstance is Google’s very first purchaser security lawsuit, José Castañeda, a spokesman for the corporation, stated. He included that primarily based on the sprawling network of web sites operate by Mr. Ntse, Google believed that the victims dropped far more than $1 million in whole.

Google’s lawful motion comes following the pandemic prompted a surge in demand for pets, as properly as an maximize in techniques capitalizing off that need.

Previous calendar year, individuals reported getting rid of extra than $5.8 billion to fraud, an enhance of far more than 70 p.c from 2020, according to details from the Federal Trade Fee. On-line searching frauds in unique skyrocketed through the pandemic, according to the Superior Small business Bureau. The team estimates that in 2021, pet-linked fraud accounted for 35 percent of these types of studies, How News Today.

Google initial became knowledgeable of Mr. Ntse’s activities close to September 2021 after acquiring a report of abuse from AARP, an advocacy team for older Individuals.

According to the report, a human being dwelling in South Carolina seeking a pet contacted Mr. Ntse by electronic mail soon after going to a web site he operated, now defunct. Immediately after corresponding with Mr. Ntse by electronic mail and text, the individual afterwards sent him $700 in electronic gift cards, the report stated, incorporating, “Victim 1 never obtained the pet.”

According to the scenario summons, Mr. Ntse is centered in Douala, a port metropolis of more than two million folks in Cameroon. He ran other web-sites, including a single that purported to sell marijuana and prescription opiate cough syrup, the lawsuit says.

“When you go to invest in a pup, you don’t anticipate a felony to be on the other conclusion,” reported Paul Brady, who runs PetScams.com, which tracks and reviews internet websites that falsely assert to offer animals.

Scammers, normally found outdoors of the United States, submit pics and videos of puppies at low prices and request upfront on the internet payments and in some cases further invented costs, like animal quarantine or shipping charges.

These techniques have “exploded” in the past two decades, Mr. Brady mentioned, as scammers capitalized on people’s loneliness and took edge of lockdowns that restricted their capability to travel significantly from property to acquire a dog.

“People are sitting on your own, and they want the company of an animal,” he included, recalling a notably shocking incident in which a person lady spent $25,000 making an attempt to obtain a Pomeranian puppy dog.

Credit history…United States District Court docket Northern District of California

For Rael Raskovich, 28, the expertise of staying cheated by an on the web pet scheme was devastating.

About a yr back Ms. Raskovich, who functions in the mortgage business, had just moved to South Carolina and was hoping to purchase her initially pet: a Golden Retriever.

She explored her solutions, eventually filling out an on the web form, now defunct, that incorporated in depth issues about her programs to treatment for the animal, she stated, which led her to feel that the approach was reputable.

She wired a $700 deposit to the vendor, who despatched her a movie of what she imagined was her shortly-to-be dog. She purchased toys and a pet bed, How News Today.

Then, she mentioned, the seller claimed to require an extra $1,300 for a coronavirus vaccination for the pet dog and an air-conditioned delivery crate. Ms. Raskovich claimed she was told to hope a simply call from Delta Air Strains, which the vendor claimed would be transporting the animal — but when she referred to as to ensure, the airline informed her it does not ship animals.

“Then I was like, ‘OK, this unquestionably isn’t legit,’” she reported, including that she lower off interaction. The identity of the seller was never established.

“You get completely ready for this new addition in your life,” Ms. Raskovich reported. “It sucks.”

Kirsten Noyes contributed reporting.

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April 14, 2022

LPL Financial (NASDAQ:LPLA) Price Target Increased to $270.00 by Analysts at Citigroup

LPL Financial (NASDAQ:LPLA – Get Rating) had its price target increased by analysts at Citigroup from $225.00 to $270.00 in a research note issued on Thursday, The Fly reports. Citigroup’s price objective points to a potential upside of 26.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from the company’s previous close.

Other analysts have also recently issued reports about the stock. StockNews.com assumed coverage on shares of LPL Financial in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Bank of America initiated coverage on shares of LPL Financial in a research note on Thursday, December 16th. They set a “neutral” rating and a $184.00 price objective for the company. Morgan Stanley raised their target price on shares of LPL Financial from $246.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday. JMP Securities upgraded shares of LPL Financial from a “market perform” rating to an “outperform” rating and set a $242.00 target price on the stock in a research report on Thursday, April 7th. Finally, UBS Group decreased their target price on shares of LPL Financial from $195.00 to $193.00 and set a “buy” rating on the stock in a report on Tuesday, January 4th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, LPL Financial currently has a consensus rating of “Buy” and an average target price of $217.25.

NASDAQ LPLA opened at $213.28 on Thursday. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 0.64 and a beta of 1.02. The stock’s 50-day simple moving average is $178.90 and its two-hundred day simple moving average is $170.57. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.68. LPL Financial has a twelve month low of $127.03 and a twelve month high of $214.45.

LPL Financial (NASDAQ:LPLA – Get Rating) last issued its quarterly earnings results on Thursday, February 3rd. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.09. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.05 billion. LPL Financial had a return on equity of 36.57{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 5.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same period in the previous year, the firm posted $1.53 EPS. On average, equities analysts expect that LPL Financial will post 9.66 earnings per share for the current fiscal year.

In other news, Director Matthew Enyedi sold 1,900 shares of LPL Financial stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $159.25, for a total transaction of $302,575.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Dan H. Arnold sold 23,119 shares of LPL Financial stock in a transaction on Monday, February 28th. The stock was sold at an average price of $180.77, for a total transaction of $4,179,221.63. The disclosure for this sale can be found here. Insiders sold 150,890 shares of company stock worth $27,336,818 over the last three months. Corporate insiders own 1.90{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Several large investors have recently modified their holdings of the stock. Oliver Luxxe Assets LLC boosted its holdings in LPL Financial by 7.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Oliver Luxxe Assets LLC now owns 15,860 shares of the financial services provider’s stock worth $2,486,000 after purchasing an additional 1,068 shares during the period. Gradient Investments LLC acquired a new position in LPL Financial in the fourth quarter worth $7,619,000. Illinois Municipal Retirement Fund boosted its holdings in LPL Financial by 26.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Illinois Municipal Retirement Fund now owns 12,796 shares of the financial services provider’s stock worth $2,049,000 after purchasing an additional 2,702 shares during the period. TFO TDC LLC acquired a new position in LPL Financial in the fourth quarter worth $44,000. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of LPL Financial by 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,015,743 shares of the financial services provider’s stock valued at $162,610,000 after acquiring an additional 18,020 shares during the period. Institutional investors and hedge funds own 98.74{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

About LPL Financial (Get Rating)

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes.

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April 11, 2022

Research Analysts Offer Predictions for Sun Life Financial Inc.’s FY2023 Earnings (NYSE:SLF)

Sun Life Financial Inc. (NYSE:SLF – Get Rating) (TSE:SLF) – Equities researchers at National Bank Financial increased their FY2023 EPS estimates for Sun Life Financial in a report issued on Thursday, April 7th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will earn $5.70 per share for the year, up from their prior estimate of $5.63. National Bank Financial has a “Sector Perform” rating and a $77.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research reiterated a “hold” rating on shares of Sun Life Financial in a report on Thursday, March 17th. Scotiabank decreased their target price on shares of Sun Life Financial from C$78.00 to C$76.00 in a report on Friday, February 11th. BMO Capital Markets decreased their target price on shares of Sun Life Financial from C$81.00 to C$80.00 in a report on Friday, February 11th. Finally, StockNews.com began coverage on shares of Sun Life Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.55.

Shares of SLF opened at $54.94 on Monday. The firm’s 50 day moving average is $54.60 and its 200-day moving average is $55.05. The stock has a market capitalization of $32.20 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.22 and a beta of 1.05. Sun Life Financial has a 12-month low of $48.85 and a 12-month high of $58.49.

Sun Life Financial (NYSE:SLF – Get Rating) (TSE:SLF) last announced its quarterly earnings data on Wednesday, February 9th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.01). The business had revenue of $10.31 billion during the quarter. Sun Life Financial had a return on equity of 13.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 11.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same quarter in the prior year, the company earned $1.13 earnings per share.

Several large investors have recently added to or reduced their stakes in the company. FIL Ltd raised its position in shares of Sun Life Financial by 12.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. FIL Ltd now owns 16,472,720 shares of the financial services provider’s stock valued at $847,955,000 after purchasing an additional 1,797,072 shares during the period. Mackenzie Financial Corp raised its position in shares of Sun Life Financial by 6.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Mackenzie Financial Corp now owns 16,421,252 shares of the financial services provider’s stock valued at $843,908,000 after purchasing an additional 954,491 shares during the period. CIBC Asset Management Inc raised its position in shares of Sun Life Financial by 3.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. CIBC Asset Management Inc now owns 7,654,688 shares of the financial services provider’s stock valued at $425,792,000 after purchasing an additional 290,601 shares during the period. 1832 Asset Management L.P. raised its position in shares of Sun Life Financial by 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. 1832 Asset Management L.P. now owns 5,988,028 shares of the financial services provider’s stock valued at $333,201,000 after purchasing an additional 106,135 shares during the period. Finally, Norges Bank bought a new position in shares of Sun Life Financial in the fourth quarter valued at approximately $297,493,000. 47.16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Wednesday, March 2nd were given a $0.5191 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, March 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.78{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Sun Life Financial’s dividend payout ratio (DPR) is currently 39.02{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Sun Life Financial (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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April 9, 2022April 30, 2022

Financial Analysts: Fundamentally Flawed | tastytrade

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Tiny Trade, Inc. is a Specified Contract Sector registered with the U.S. Commodity Futures Trading Fee. The info on this internet site should be considered common facts and not in any situation as a suggestion or information relating to financial commitment selections. The reader alone is accountable for the dangers linked with an expenditure decision centered on the information stated in this content in gentle of his or her precise instances. The information on this internet site is for informational uses only, and does not contend to address the financial aims, problem, or precise requirements of any unique trader. Buying and selling in derivatives and other financial devices includes danger, please study the Hazard Disclosure Assertion for Futures and Solutions. tastytrade is an trader in Tiny Trade, Inc, Movie News.

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April 5, 2022

HDFC Bank’s $40 billion deal may face regulatory hurdles over insurance, analysts say

Folks wait around to enter HDFC bank in Kolkata, India November 11, 2016. REUTERS/Rupak De Chowdhuri

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MUMBAI, April 5 (Reuters) – India’s most significant personal loan company HDFC Bank’s (HDBK.NS) $40 billion acquisition of its largest shareholder could experience regulatory hurdles owing to the stake it would give the financial institution in the insurance plan sector, analysts stated.

Sources explained to Reuters very last yr that the Reserve Lender of India, which functions as regulator for the fiscal field, desires financial institutions to limit ownership stakes in insurance organizations. browse additional

HDFC Bank’s acquisition of HDFC Ltd (HDFC.NS), introduced on Monday, will develop an entity with a merged harmony sheet well worth $237 billion and will contain the target’s insurance policies and other money subsidiaries.

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HDFC Everyday living and HDFC ERGO are amongst the top lifestyle and common insurance plan firms in the non-public sector, and analysts say the RBI is not likely to be comfortable with the sizing of the insurance operations the deal will give the financial institution.

HDFC Bank’s management mentioned on Monday that they have requested the regulator for clarity on complying with its principles, but analysts feel it may not be easy to arrive by.

“Considering there are good deal of subsidiaries that will need to be merged, there could be some regulatory overhang, particularly in the insurance business the place the central bank is not pretty snug with banks escalating their stake,” claimed an analyst at a domestic brokerage residence.

HDFC Lender did not straight away respond to a Reuters request for remark on Tuesday. The RBI also did not react to a request for remark.

A person way of folding the subsidiaries into HDFC Bank could be to produce a holding organization composition, but that could have a negative affect on the harmony sheet in the brief expression, analysts said.

“If a holding organization structure is enforced then the equation improvements. Value goes up as stamp responsibilities and taxes will go up,” Macquarie said in a take note on Tuesday.

In the brief expression, return on equity (RoE), a key economical metric, will also go down as a end result of meeting specified regulatory demands, the Macquarie observe stated.

As a shadow bank – a finance enterprise outside the scope of classic banking regulation – HDFC Ltd has a better expense of resources as opposed to the bank.

Put up merger, the entity could as a result in the brief term also see a bigger value of money, which could have an affect on its margin, stated a portfolio manager at a retail brokerage agency.

“Owing to this and other ambiguities relating to the offer and the performance, the inventory may possibly not see a major valuation re-rating promptly,” he extra.

HDFC Lender shares fell as significantly as virtually 3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on Tuesday, while HDFC Ltd slipped additional than 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Equally stocks experienced surged around 10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on Monday.

If it clears the hurdles to a deal, HDFC Financial institution will shrink the hole in sizing with point out-operate loan company and bigger rival State Bank of India (SBI.NS), and pull additional away from friends this kind of as ICICI Financial institution (ICBK.NS) and Axis Lender (AXBK.NS). go through a lot more

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Reporting by Nupur Anand Editing by Jan Harvey

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