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Credit card company $AXP reported an increase in 2Q16 earnings driven by gains from the loan portfolio sale and restructuring charges. Net income was $2Bil or $2.10 per share in 2Q16 compared to $1.5Bil or $1.42 per share in 2Q15. Net income grew 37% and diluted EPS grew 48% from 2Q15. Total revenues, net of interest expense, fell 1% to $8.2Bil.
$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 !!