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Financial services company $PNC said its loan loss provision increased to $152MM in 1Q16. This increase primarily related to reserves for oil and gas and coal exposure. $PC grew loans and deposits on a spot basis in 1Q16. Non-interest expenses were down about 5% due to seasonally lower business activity and focus on expense management.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!