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Mike Mayo of CLSA probes into the question of return on equity going into the double digit range. $BAC CEO Brian Moynihan said that adjusting for FAS 91 and FAS 123, the company's return on tangible with common equity would be approx. 8.5%. The key is to continue to make progress on expenses and $BAC has done that with expenses down 6% YoverY.
$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 !!