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During 2Q16, $WFC's criticized loans, which include non-accrual loans, were down $1.7Bil or 17% from 1Q16. This reflects paydowns, borrowing-based upgrades & net charge-offs. Reserve coverage was stable at 9.2% of total oil & gas loans outstanding. Reserves fell to $1.6Bil, reflecting increase in energy prices and improved criticized asset levels.
$DAL has good news for New York - Rio de Janiero fliers. Delta plans to start new daily non-stop service between JFK and GIG in Dec. 2017.
Wow!! $MU’s shares rising rapidly. I guess that’s because they beat their second quarter earnings estimates.
It’s not much surprising $FTR shares hit an all-time low as the decline was consistent since the beginning of the year.