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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%.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?