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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.
$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 !!