Salesforce Tanks on Slowest Ever Growth, Bank CRE Losses Pile Up
Cloud software leader Salesforce just guided for the slowest ever growth in the history of the company and the stock is falling double digits. Elsewhere there is mixed news in banking today. Several banks, particularly in Canada, have reported increasing loss provisions tied to commercial real estate sending shares lower. However a few banks are bucking the trend reporting bigger earnings on lower loss provisions.
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