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$MS said in 1Q16 it has continued to see pressure on the energy complex and has seen some credit migration and some bankruptcies. The company's loan loss provision on its held for investment portfolio of $127MM in the quarter was predominantly against its energy portfolio. $MS added that its energy exposure was down about $1Bil from 4Q15.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!