Want to join the conversation?
$FITB's net charge-offs were $96MM or 42 BP in 1Q16 vs. $80MM & 34 BP in 4Q15, and $91MM & 41 BP in 1Q15. The sequential increase was due to a $16MM increase in C&I net charge-offs. Of the total net charge-offs, $9MM was in energy. Non-performing loans, excluding loans held for sale, rose $195MM vs. 4Q15 to $701MM, resulting in NPL ratio of 75 BP.
$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 !!