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$JPM expects 4Q16 net interest income to be up modestly QonQ on continued strength in loan growth. The company expects net interest income of $50.5Bil plus or minus for the full year 2016, market dependent. Adjusted expense in 4Q16 is expected to be flat YonY, bringing full year 2016 expense in at approx. $56Bil, consistent with guidance.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.