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Wealth management firm $NTRS reported a decline in 2Q16 earnings due to higher non-interest expense despite a 5% rise in total revenue. Net income slid to $260.7MM or $1.09 per share from $269.2MM or $1.10 per share last year. Revenue grew to $1.32Bil from $1.26Bil. Non-interest income rose by 1% and net interest income grew by 19%.
$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 !!