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Matt O'Connor of Deutsche Bank asks about the weakness in Investment Banking. $GS said the biggest driver in 2Q16 YoverY was the incentive fees which tends to be lumpy depending on the environment. In management and other fees, it relates to mix and declines in avg. fee, although this was offset by the growth in the asset pool YoverY.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?