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Stamford, Connecticut-based $SYF posted a 5.4% YoverY rise in net income to $582MM, or $0.70 per diluted share, in 1Q16. Total platform revenue grew 13% to $2.9Bil. "Each of our business platforms delivered strong performance resulting in double-digit growth in overall purchase volume, platform revenue and loan receivables," said CEO Margaret Kean.
Does anyone feel $SBUX CEO Schultz stepping down could prove a disaster for the company?
$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.