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For 1Q16, $WIBC's net interest income before provision for losses on loans and loan commitments rose 6.6% to $38.9MM and net interest margin was 3.54%. Total noninterest income fell 44.4% and noninterest expense rose 16.6% versus 1Q15. Noninterest expense in 1Q16 included costs related to the planned merger of equals with $BBCN.
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.