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$BAC maintained its 2018 expense guidance of $53Bil. The company however reduced its YoverY expenses by $500MM. Looking at longer term expenses, $BAC reduced quarterly expenses, ex-litigation, by $4.8Bil from 3Q11. Between now and 2018, a third of the expenses will belong to delinquent loan servicing.
Vine, the unique app from $TWTR is no more! Perfect example for mass products that don't make money!
$CVX posts first profit in a year. Right time to get some shares? My question is, will it sustain this turnaround?
Jeff Bezos, my inspiration next to Steve Jobs is going to review the Everything Store $AMZN's financial results today after hours. As an investor/user, I like Amazon Prime and it's success over several parts of the world. What's your take on Amazon?
Of all the Wall St firms out there, Goldman Sachs $GS is the most revered for the way they're run - hiring the best, highly competitive, a closely-knit peer group and making tons of profits for the shareholders. An interesting interview of its CEO Llyod Blankfein by Carlyle groups chief David Rubenstein