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The strong performance of these companies has raisedconcerns that they are wildly overbought. Tesla’s P/E ratio is112.56, compared to the 7.94 ratio of its peers. Netflix has aP/E ratio of 106.64, many times the 15.73 ratio of its peers.
Because the firm had already set aside money to resolve the case, “this settlement will not have a material impact on earnings,” said bank spokesman Brian Marchiony. “We are pleased to put this matter behind us.”
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