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Financial services firm $JPM said that 2Q16 wholesale credit cost was approx. $200MM. Within this, charge-offs of $150MM were principally driven by oil & gas and metals & mining. Outside of energy, $JPM has not seen deterioration in the wholesale or consumer credit portfolios. Due to Brexit, markets were volatile & volumes were materially higher.
$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 !!