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For FY16, $ADP said that it is expecting a 3% growth in average client fund balances. Growth in client funds interest revenue is expected to be flat vs. last year. The total impact from the client funds extended investment strategy is expected to be about flat compared to $419MM in FY15, the company said.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!