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Investment bank $MS reported a 14% drop in 2Q16 earnings due to lower revenue across its business segments. Net income fell to $1.43Bil or $0.75 per share from $1.67Bil or $0.85 per share last year. Net revenues declined by 9% to $8.91Bil. $MS said results reflected execution of its disciplined expense management strategy.
$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 !!