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$BBT 2Q15 PR: Non-interest income was $1,019MM compared to $958MM in 2Q14. Non-interest expense for the quarter was $1,653MM compared to $1,534MM in 2Q14, primarily due to a $172MM loss on early extinguishment of debt. Personnel expense was up $34MM due to increased production-related incentives; & also merger-related & restructuring charges $12MM.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.